Mobiquity Technologies shares are trading lower after the company announced the pricing of a $3 million public offering of 30,000,000 shares of common stock.
Portfolio Pulse from Benzinga Newsdesk
Mobiquity Technologies has announced the pricing of a $3 million public offering of 30,000,000 shares of common stock, leading to a decrease in its share price.
June 29, 2023 | 3:40 pm
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Mobiquity Technologies' stock price is trading lower after the company announced a $3 million public offering of 30,000,000 shares.
The announcement of a public offering often leads to a decrease in the company's stock price. This is because it dilutes the value of existing shares, leading to a decrease in earnings per share. In this case, Mobiquity Technologies' announcement of a $3 million public offering of 30,000,000 shares has led to a decrease in its share price.
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