SpringBig Holdings, Inc. Announces Pricing Of $4M Public Offering Of 13,061,014 Shares Of Its Common Stock At An At-The-Market Price Of $0.3037/Share
Portfolio Pulse from Happy Mohamed
SpringBig Holdings, Inc. (NASDAQ: SBIG) has priced a public offering of 13,061,014 shares of its common stock at $0.3037 per share, aiming to raise $4 million. The offering is expected to close on May 31, 2023, with Roth Capital Partners acting as the sole placement agent.
May 26, 2023 | 1:47 pm
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SpringBig Holdings' public offering of 13,061,014 shares at $0.3037 per share may lead to short-term dilution for existing shareholders.
The public offering of 13,061,014 shares at $0.3037 per share will increase the number of outstanding shares, potentially leading to short-term dilution for existing shareholders. However, the funds raised may be used for the company's growth and expansion, which could benefit shareholders in the long run.
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