RXRX - Recursion Pharmaceuticals Stock Is Diving Wednesday: What's Going On? | Benzinga
Recursion Pharmaceuticals Inc (NASDAQ:RXRX) shares are trading lower in Wednesday’s after-hours session after the company announced a proposed offering of its common stock.
What Happened: After the market close on Wednesday, Recursion said it intends to offer and sell $200 million worth of its common stock in an underwritten public offering. All of the shares are being offered by Recursion.
The clinical-stage biotech company also said it plans to grant the underwriters a 30-day option to purchase up to an ...