EnVVeno Medical shares are trading lower after the company announced the pricing of a $15 million public offering of 4.3 million shares at $3.50 per share.
Portfolio Pulse from Benzinga Newsdesk
EnVVeno Medical's stock is trading lower following the announcement of a $15 million public offering, pricing 4.3 million shares at $3.50 each.
September 27, 2024 | 12:12 pm
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EnVVeno Medical's stock is experiencing a decline due to the announcement of a $15 million public offering, with 4.3 million shares priced at $3.50 each.
The announcement of a public offering typically leads to a decrease in stock price due to dilution concerns. The offering price of $3.50 per share may also be perceived as undervaluing the stock, contributing to the decline.
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