Arcimoto, Inc. Announces $2.5M Registered Direct Offering And Concurrent Private Placement
Portfolio Pulse from Benzinga Newsdesk
Arcimoto, Inc. (NASDAQ:FUV) announces a $2.5M registered direct offering and concurrent private placement, selling 1,467,576 shares of common stock and warrants to purchase 2,935,152 shares at a combined purchase price of $1.70.
June 12, 2023 | 1:05 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Arcimoto's $2.5M registered direct offering and concurrent private placement may impact its stock price in the short term.
Arcimoto's announcement of a $2.5M registered direct offering and concurrent private placement may have a neutral impact on its stock price in the short term. The offering dilutes the existing shares, but the funds raised can be used for growth and expansion, which could be positive for the company in the long run.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100