Applied UV shares are trading lower after the company announced pricing of a $5 million underwritten public offering.
Portfolio Pulse from Benzinga Newsdesk
Applied UV announced the pricing of a $5 million underwritten public offering, causing its shares to trade lower.
June 16, 2023 | 1:07 pm
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Applied UV's shares are trading lower due to the announcement of a $5 million underwritten public offering.
The announcement of the $5 million underwritten public offering has led to a decrease in Applied UV's share price. This is because the offering dilutes the value of existing shares, making them less attractive to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100