Innovative Eyewear shares are trading lower after the company announced pricing of a $4.7 million public offering.
Portfolio Pulse from Benzinga Newsdesk
Innovative Eyewear announced the pricing of a $4.7 million public offering, causing its shares to trade lower.
June 22, 2023 | 1:17 pm
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Innovative Eyewear's shares are trading lower after announcing a $4.7 million public offering.
The announcement of a public offering typically leads to a dilution of existing shares, causing the stock price to drop in the short term. In this case, Innovative Eyewear's shares are trading lower after the company announced the pricing of a $4.7 million public offering.
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