Inovio Stock Falls 21% After Hours: Here's What's Going On
Inovio stock fell after hours after pricing a $20 million public offering of common stock and warrants.
Inovio is selling new shares of itself to raise money, which makes each existing share worth a smaller piece of the company. When companies do this, their stock price often drops right away because the pie got cut into more pieces.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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