SciSparc shares are trading lower after the company announced a proposed underwritten public offering of roughly $1.3 million.
Portfolio Pulse from Benzinga Newsdesk
SciSparc has announced a proposed underwritten public offering of approximately $1.3 million, leading to a decrease in its share price.
August 10, 2023 | 12:55 pm
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SciSparc's announcement of a $1.3 million public offering has resulted in a decrease in its share price.
Public offerings often lead to a decrease in share price as they dilute the value of existing shares. SciSparc's announcement of a $1.3 million public offering has likely led to investor concern about dilution, resulting in a decrease in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100