According to a document submitted to the U.S. Securities and Exchange Commission (SEC), some existing shareholders of biotechnology company Kymera Therapeutics, Inc. plan to sell a total of 31.39 million shares of the company's common stock.
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This share sale is initiated by the company's shareholders, rather than through the issuance of new shares by the company itself. Therefore, Kymera Therapeutics will not receive any proceeds from this sale. Such shareholder reductions typically draw market attention to the future supply of the company's stock and potential price volatility. Investors should closely monitor subsequent market developments and related announcements.
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