Why Esperion Therapeutics Plummeted by 11% Today

Esperion Therapeutics (NASDAQ: ESPR) had a day to forget on Monday as its stock lost more than 11% on news that a fresh stack of shares would be coming to the market.

Esperion announced Monday morning that it has entered into a private agreement with two holders of its convertible senior subordinated notes to convert those securities into common stock. In total, those investors hold notes with an aggregate principal value of $15 million.

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Source Fool.com