Imperial Petroleum Announces Pricing Of ~$17M Registered Direct Offering At $2/Unit
Portfolio Pulse from Benzinga Newsdesk
Imperial Petroleum has announced the pricing of its registered direct offering at $2 per unit, aiming to raise approximately $17 million.
August 11, 2023 | 12:33 pm
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Imperial Petroleum's registered direct offering priced at $2 per unit could potentially dilute existing shareholders' equity.
The announcement of a new share offering usually leads to a decrease in the stock price due to potential dilution of existing shareholders' equity. The impact is more significant if the offering price is lower than the current market price.
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