- The stock price of Silverback Therapeutics Inc (NASDAQ: SBTX) fell by over 2% after hours today. This is why it happened.
The stock price of Silverback Therapeutics Inc (NASDAQ: SBTX) fell by over 2% after hours today. Investors are responding negatively to a filing from the company about a mixed securities shelf offering.
The company said that from time to time, they may offer up to $250 million of any combination of the securities described in the prospectus in one or more offerings. And they may also offer securities as may be issuable upon conversion, redemption, repurchase, exchange, or exercise of any securities registered hereunder, including any applicable antidilution provisions.
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