🔴 NUVB is trading 5.1% down today after upsizing its convertible notes offering to $250 million

NUVB is trading at $5.51 (5.1% down) after the company increased its planned convertible notes sale to $250 million.

• The upsized offering of 0.75% Convertible Senior Notes due 2032 follows an initial $200 million deal that pressured the stock on Thursday.
• The expanded offering has intensified investor concerns regarding potential dilution and stock overhang.
• Today's decline extends a double-digit drop from the previous session, even as the broader market remains relatively flat.