Societal CDMO slides on proposed public offering

Societal CDMO

24/08/2023 12:15

** Shares of pharmaceutical development company Societal
CDMO  SCTL.O  down 29.3% at $0.42 premarket after co announces
proposed public offering  
    ** On Wednesday, co said that it was commencing underwritten
public offering of common shares
    ** Co did not diclose size or terms of the offering
    ** Median PT is $2
    ** YTD stock down 59.19% 

 (Reporting by Aishwarya Jain)
 ((Aishwarya.Jain@thomsonreuters.com))