Cingulate Filed For Resale Of Up To 1.5M Shares By The Selling Stockholder
Portfolio Pulse from Benzinga Newsdesk
Cingulate has filed for the resale of up to 1.5 million shares by a selling stockholder, as per the SEC filing. This move could impact the stock's supply and demand dynamics.
September 27, 2024 | 10:27 am
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Cingulate has filed for the resale of up to 1.5 million shares by a selling stockholder. This could increase the supply of shares in the market, potentially affecting the stock price.
The resale of shares by a stockholder can increase the supply of shares in the market, which may lead to downward pressure on the stock price if demand does not match the increased supply. This filing indicates a potential change in stockholder composition and market dynamics.
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