BYND Cannasoft Enterprises shares are trading lower after the company announced the pricing of a $2.6 million underwritten public offering of 1,733,334 shares at $1.50 per share.
Portfolio Pulse from Benzinga Newsdesk
Cannasoft Enterprises announced the pricing of a $2.6 million underwritten public offering of 1,733,334 shares at $1.50 per share, causing its shares to trade lower.
July 17, 2023 | 3:19 pm
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Cannasoft Enterprises' stock is trading lower after the company announced a $2.6 million underwritten public offering.
The announcement of the underwritten public offering has led to a decrease in the price of Cannasoft Enterprises' shares. This is likely due to the dilution of shares, which reduces the value of existing shares. The impact is direct and significant, hence the high relevance and importance scores.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100