Forza X1 Announces Pricing Of $8M Public Offering Of 5,334,000 Shares Of Common Stock At A Price Of $1.50/Share
Portfolio Pulse from Benzinga Newsdesk
Forza X1 (NASDAQ: FRZA) has priced its public offering of 5,334,000 shares at $1.50 per share, raising approximately $8 million. The company plans to use the proceeds for manufacturing facility development, working capital, and general corporate purposes.
June 12, 2023 | 1:10 pm
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Forza X1's public offering of 5,334,000 shares at $1.50 per share will raise approximately $8 million for manufacturing facility development, working capital, and general corporate purposes.
Forza X1's public offering will raise funds for the company's manufacturing facility development, working capital, and general corporate purposes. This news is directly related to FRZA and is important for investors to be aware of. However, the short-term impact on the stock price is neutral as the offering is priced at $1.50 per share, which may not significantly affect the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100