Augmedix Inc (AUGX)

Augmedix Inc Stock (AUGX) dropped by 17.31% from $5.43 to $4.49 in the trading on Thursday November 16, 2023. The reasons why AUGX stock down today is due to the announcement of a public share offering. Augmedix announced that it has priced the previously-announced underwritten public offering of 6,250,000 shares of its common stock, at a public offering price of $4.00 per share. The offering was upsized from 5,500,000 shares of common stock. Augmedix granted the underwriters a 30-day option to purchase an additional 937,500 shares of its common stock. All of the shares to be sold in the proposed offering will be sold by Augmedix. The offering is expected to close on or about November 20, 2023