Cannabis Marketing Platform SpringBig Secures Major Financial Boost Via Equity Offering, Where Will The Funds Go?
Portfolio Pulse from Jelena Martinovic
Cannabis marketing platform SpringBig Holdings (NASDAQ:SBIG) has closed a $4 million public equity offering, raising approximately $3 million in gross cash proceeds. The company's Q2 2023 financial projections expect revenue between $7.3 million and $7.6 million, representing 15% YoY growth.
June 01, 2023 | 4:33 pm
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SpringBig Holdings closed a $4 million public equity offering, raising $3 million in gross cash proceeds. The company's Q2 2023 financial projections expect revenue between $7.3 million and $7.6 million, representing 15% YoY growth.
The successful closing of the $4 million public equity offering strengthens SpringBig's balance sheet and provides capital for future growth initiatives. The company's Q2 2023 financial projections, which show a 15% YoY growth in revenue, indicate a positive outlook for the company. This news is likely to have a positive short-term impact on SBIG's stock price.
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