Harmony Biosciences Reports Commencement Of Public Offering Of Up To 8M Shares Of Common Stock By Selling Shareholders Marshman Fund Trust II And Valor IV Pharma Holdings
Portfolio Pulse from Benzinga Newsdesk
Harmony Biosciences announced a public offering of up to 8 million shares of common stock by selling shareholders Marshman Fund Trust II and Valor IV Pharma Holdings. This offering does not involve the issuance of new shares by the company itself.
October 29, 2024 | 9:17 pm
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Harmony Biosciences is seeing a public offering of up to 8 million shares by existing shareholders, which may affect stock liquidity and price. The company is not issuing new shares, so there is no dilution of existing shares.
The offering involves existing shareholders selling their shares, which can increase the stock's liquidity but does not dilute existing shares since no new shares are issued. This can lead to neutral or slightly negative short-term price movements due to increased supply.
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