INOVIO Announces Pricing of $30 Million Public Offering
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INOVIO Pharmaceuticals has announced a $30 million public offering, pricing 10 million shares and accompanying warrants at $3.00 per share. The warrants allow purchase at $3.76 per share.
December 13, 2024 | 12:15 pm
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NEGATIVE IMPACT
INOVIO Pharmaceuticals has priced a $30 million public offering, issuing 10 million shares and warrants at $3.00 per share. This move could lead to stock price volatility.
The public offering increases the number of shares available, which can dilute existing shares and potentially lead to a decrease in stock price. The offering price is below the current market price, which may also exert downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100