Beyond Air shares are trading lower after the company announced a $20.6 million private placement offering of 40.39 million shares of common stock.
Portfolio Pulse from Benzinga Newsdesk
Beyond Air shares fell following the announcement of a $20.6 million private placement offering of 40.39 million shares of common stock.
September 27, 2024 | 5:05 pm
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Beyond Air's stock price is negatively impacted by the announcement of a $20.6 million private placement offering, which involves issuing 40.39 million shares of common stock.
The announcement of a private placement offering typically leads to a dilution of existing shares, which can negatively impact the stock price. The market reacted to this news by trading Beyond Air shares lower.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100