BitNile Metaverse Announces Through The Utilization Of The ATM, The Company Sold ~1.261M Shares Of Common Stock On A Reverse-Split-Adjusted Basis And Raised ~$3.5M In Gross Proceeds, Or ~$2.77/Share
Portfolio Pulse from Benzinga Newsdesk
BitNile Metaverse (BNMV) announced that it has sold approximately 1.261 million shares of common stock on a reverse-split-adjusted basis through the utilization of the ATM, raising around $3.5 million in gross proceeds, or about $2.77 per share.
June 16, 2023 | 12:38 pm
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BitNile Metaverse sold 1.261M shares of common stock, raising $3.5M in gross proceeds at $2.77/share through ATM utilization.
The news of BitNile Metaverse raising $3.5 million in gross proceeds through the sale of 1.261 million shares at $2.77 per share is likely to have a positive short-term impact on the stock price. The additional capital could be used for growth and expansion, which may attract investors and drive the stock price up.
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