Why Capricor Therapeutics (CAPR) Shares Are Trading Lower
Portfolio Pulse from Henry Khederian
Capricor Therapeutics (CAPR) shares fell by 6.05% to $19.27 after announcing a public offering of 4.41 million shares at $17.00 each, expected to raise $75 million. The offering is managed by Piper Sandler & Co. and Oppenheimer & Co. Inc., with funds intended for product development and other corporate purposes.
October 17, 2024 | 4:31 pm
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Capricor Therapeutics shares fell 6.05% following the announcement of a public offering priced at $17.00 per share, raising $75 million. The offering may dilute existing shares, impacting short-term stock price.
The announcement of a public offering at a price below the current trading price often leads to a decrease in stock value due to potential dilution. The offering is significant, raising $75 million, which impacts investor sentiment and short-term stock price.
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