Several companies have announced public and secondary offerings of their common stock this week. AirSculpt disclosed a public offering of its common stock under the ticker $AIRS. Citius Pharmaceuticals priced a $15.8 million offering at $1.22 per share, with shares falling 21.9% in premarket trading. American Superconductor Corporation (AMSC) announced an underwritten public offering of 4.125 million shares priced at $28 per share, aiming to raise approximately $100 million. The announcement caused AMSC shares to drop 18.3% premarket and 13% in early trading, despite a 40% gain since the start of the year. BrightSpring Health Services (BTSG) announced a secondary offering of 14 million shares at $21.75 per share, with an option to sell an additional 2.1 million shares; its shares declined 2% in premarket trading. Cabaletta Bio (CABA) proposed a public offering of 39.2 million shares at $2 per share and 10.8 million pre-funded warrants at nearly $2 per warrant, with an additional 15 million shares possible; shares fell 14.9% premarket. Karat Packaging (KRT) priced a secondary offering of 1.5 million shares at $27 each, resulting in a 10.9% premarket decline. These offerings reflect ongoing capital-raising efforts among these companies amid volatile market reactions.
Cabaletta Bio announces public offering of 39.2M shares and 10.8M pre-funded warrants at prices of $2 per share and $1.99999 per warrant. Additional 15M shares possible. $NDXP $CABA
$KRT (-10.9% pre) Karat Packaging stock slides on pricing secondary offering of 1.5M stock at $27 a share https://t.co/kZoO6LYv2J
$CABA (-14.9% pre) Cabaletta Bio (CABA) Announces Proposed Share Offering https://t.co/R1MJJoou4c