Siyata Mobile shares are trading lower after the company priced a 50 million share offering at $0.045 per share.
Portfolio Pulse from Benzinga Newsdesk
Siyata Mobile has priced a 50 million share offering at $0.045 per share, causing its shares to trade lower.
June 27, 2023 | 12:37 pm
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Siyata Mobile's stock price is trading lower due to the pricing of its 50 million share offering at $0.045 per share.
The company's decision to price its 50 million share offering at $0.045 per share has led to a decrease in its stock price. This is because the offering price is lower than the current market price, which dilutes the value of existing shares.
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