MDxHealth shares are trading lower after the company announced the launch of a $40 million offering of ordinary shares.
Portfolio Pulse from Benzinga Newsdesk
MDxHealth shares declined following the announcement of a $40 million offering of ordinary shares.
September 25, 2024 | 8:19 pm
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MDxHealth shares are trading lower due to the announcement of a $40 million offering of ordinary shares, which can lead to dilution of existing shares.
The announcement of a $40 million offering of ordinary shares by MDxHealth is likely to lead to a decrease in share price due to potential dilution. This is a common market reaction when a company issues new shares, as it can reduce the value of existing shares.
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