SpringBig Holdings shares are trading lower after the company priced a $4 million offering.
Portfolio Pulse from Bill Haddad
SpringBig Holdings has priced a $4 million offering, causing its shares to trade lower.
May 26, 2023 | 3:53 pm
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SpringBig Holdings' shares are trading lower after pricing a $4 million offering.
The company has priced a $4 million offering, which has led to a decrease in its share price. This is because the offering dilutes the value of existing shares, making them less attractive to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100