Datasea Said On August 1 Entered Into Two Separate Subscription Agreements With A Certain Non-U.S. Investor To Sell An Aggregate Of 4.8M Shares Of Common Stock At $1.20/Share
Portfolio Pulse from Charles Gross
Datasea has entered into two separate subscription agreements with a non-U.S. investor to sell an aggregate of 4.8 million shares of common stock at $1.20 per share.
August 07, 2023 | 8:54 pm
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Datasea's agreement to sell 4.8 million shares could potentially dilute the value of existing shares, potentially leading to a short-term decrease in stock price.
The sale of additional shares often leads to dilution of the value of existing shares, which can result in a decrease in the stock price. Given the size of the sale (4.8 million shares), this could have a significant impact on Datasea's stock price in the short term.
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