Why Spero Therapeutics Shares Are Sliding Today
Shares of Spero Therapeutics (NASDAQ: SPRO) are sliding today, down 9.5% as of 11:17 a.m. EDT, after the company announced the pricing of a public stock offering.
On Wednesday, Spero announced that it planned to conduct a public offering of 8 million shares, including common stock and shares of non-voting Series D preferred stock. The biotech stock fell 12% on Thursday following the news.
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Source Fool.com