Inotiv, Inc. Completes Equity Offering for Net Proceeds of Approximately $3.6 Million
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Inotiv, Inc. has completed an equity offering, raising $3.6 million from the sale of 900,000 additional shares at $4.25 each. This move is part of a previously announced public offering.
December 30, 2024 | 9:30 pm
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Inotiv, Inc. completed an equity offering, raising $3.6 million by selling 900,000 shares at $4.25 each. This could impact the stock price due to dilution and increased capital.
The issuance of additional shares can lead to stock dilution, which may negatively impact the stock price in the short term. However, the raised capital could be used for growth, potentially offsetting the dilution effect.
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