Capricor Therapeutics Prices Public Offering Of 4.412M Shares Of Common Stock At $17.00 Per Share
Portfolio Pulse from Benzinga Newsdesk
Capricor Therapeutics has announced a public offering of 4.412 million shares of common stock at $17.00 per share, aiming to raise approximately $75 million in gross proceeds.
October 17, 2024 | 10:03 am
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Capricor Therapeutics is conducting a public offering of 4.412 million shares at $17 per share, with expected gross proceeds of $75 million.
The public offering of shares typically leads to a dilution of existing shares, which can result in a short-term decrease in stock price. The offering price of $17 per share sets a benchmark for the market, which may adjust the current trading price towards this level.
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