BioVie Announces Proposed Public Offering; Amount Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
BioVie has announced a proposed public offering, though the amount has not been disclosed. This move could impact the company's stock price as it may lead to dilution of existing shares.
September 23, 2024 | 8:07 pm
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BioVie has announced a proposed public offering, which could lead to share dilution and impact the stock price. The amount of the offering has not been disclosed.
The announcement of a public offering typically leads to concerns about share dilution, which can negatively impact the stock price in the short term. The lack of disclosure on the amount adds uncertainty, which may further affect investor sentiment.
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