EyePoint Pharmaceuticals Commencea Public Offering Of $100M Of Shares Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
EyePoint Pharmaceuticals has announced a public offering of $100 million in common stock, with an option for underwriters to purchase an additional $15 million. This move is likely to impact the company's stock price in the short term.
October 28, 2024 | 9:15 pm
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EyePoint Pharmaceuticals is conducting a public offering of $100 million in common stock, potentially diluting existing shares and impacting stock price.
The public offering of $100 million in common stock by EyePoint Pharmaceuticals is likely to lead to short-term stock price pressure due to potential dilution of existing shares. The additional option for underwriters to purchase $15 million more shares could further impact the stock price.
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