Siyata Mobile Announces Pricing Of ~$2.3M Registered Direct Of 51,450,000 Common Shares For $0.045/Share
Portfolio Pulse from Benzinga Newsdesk
Siyata Mobile has announced the pricing of a registered direct offering of approximately $2.3 million. The offering consists of 51,450,000 common shares priced at $0.045 per share.
July 11, 2023 | 12:42 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Siyata Mobile's registered direct offering of 51,450,000 common shares could dilute existing shareholders, potentially leading to a short-term decrease in stock price.
The announcement of a new share offering often leads to a decrease in the stock price due to dilution of existing shares. As Siyata Mobile is issuing a significant number of new shares, this could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100