Ocugen (OCGN) Stock Tumbles After $22.5 Million Share Offering
OcugenOcugen(US:OCGN) Benzinga·2026-01-22 05:37

Ocugen Inc (NASDAQ:OCGN) shares sank sharply on Wednesday after the biotech company announced a 22.5millionunderwrittenofferingofcommonstock.Here’swhatinvestorsneedtoknow.•Ocugenistradinginatightrange.What’stheoutlookforOCGNshares?DilutionFearsPressureOCGNStockThecompanyisissuing15millionnewsharesat22.5 million underwritten offering of common stock. Here’s what investors need to know. • Ocugen is trading in a tight range. What’s the outlook for OCGN shares?Dilution Fears Pressure OCGN StockThe company is issuing 15 million new shares at 1.50 apiece, with all shares sold by Ocugen itself, and plans to use the proceeds for general corporate purposes, capital spending and working capital.Equity offerings oft ...