Steakholder Foods Announces $6M Registered Direct Offering Of 6M Shares At $1/Share
Portfolio Pulse from Benzinga Newsdesk
Steakholder Foods has announced a registered direct offering of 6 million shares at $1 per share, aiming to raise $6 million in capital.
July 25, 2023 | 6:11 pm
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Steakholder Foods' direct offering of 6 million shares could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
The direct offering of 6 million shares by Steakholder Foods could lead to dilution of existing shareholders' equity. This is because the number of outstanding shares increases, which can lower the earnings per share and the stock price. Therefore, in the short term, the stock price of STKH may decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100