Precision Optics Announces $2.52M Private Placement Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Precision Optics Corporation (NASDAQ: POCI) has entered into definitive agreements for a private placement of 420,000 shares of common stock, resulting in gross proceeds of approximately $2.52 million. The closing is expected to occur on June 20, 2023.
June 15, 2023 | 12:31 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Precision Optics' private placement of 420,000 shares of common stock will result in gross proceeds of approximately $2.52 million.
The private placement will provide Precision Optics with additional capital, which could be used for growth and expansion. This could have a positive impact on the company's stock price in the short term, as investors may view the additional capital as a sign of strength and potential growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100