Biohaven Announces Proposed $250M Public Offering Of Common Shares
Portfolio Pulse from Benzinga Newsdesk
Biohaven Ltd. (NYSE:BHVN) announced a $250 million public offering of common shares, with an option for an additional $37.5 million. The proceeds will be used for general corporate purposes. J.P. Morgan and Morgan Stanley are managing the offering.
September 30, 2024 | 8:11 pm
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Biohaven Ltd. is conducting a $250 million public offering of common shares, potentially increasing to $287.5 million. The offering may impact stock prices due to dilution concerns.
The announcement of a public offering typically leads to concerns about stock dilution, which can negatively impact the stock price in the short term. The offering size and the option for additional shares suggest significant potential dilution.
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