SciSparc Ltd. Announces Pricing of $1.3M Underwritten Public Offering Of 6.5M Shares At $0.20/Share
Portfolio Pulse from Benzinga Newsdesk
SciSparc Ltd. has announced the pricing of its underwritten public offering of 6.5 million shares at $0.20 per share, raising a total of $1.3 million.
August 10, 2023 | 1:14 pm
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SciSparc's public offering of 6.5 million shares at $0.20 per share could potentially dilute the value of existing shares.
Public offerings often lead to dilution of existing shares, which can negatively impact the stock price. Given the size of the offering relative to SciSparc's market cap, the impact could be significant.
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