Aqua Metals shares are trading lower after the company announced a $17.4 million public offering of 15.82 million shares of common stock at a price of $1.10 per share.
Portfolio Pulse from Benzinga Newsdesk
Aqua Metals has announced a $17.4 million public offering of 15.82 million shares of common stock at a price of $1.10 per share. This has led to a decrease in the company's share price.
July 19, 2023 | 3:20 pm
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Aqua Metals' share price has decreased following the announcement of a $17.4 million public offering of common stock.
The announcement of a public offering often leads to a decrease in a company's share price. This is because existing shares are diluted, and the market may interpret the need for additional capital as a sign of financial weakness. In this case, Aqua Metals' share price has decreased following the announcement of a $17.4 million public offering of common stock.
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