Why Creative Realities (CREX) Stock Is Getting Hammered
Portfolio Pulse from Henry Khederian
Creative Realities Inc (NASDAQ:CREX) announced the pricing of its $6 million public offering of 3 million shares at $2 per share, causing its shares to drop by 37.5% to $1.87. The offering is expected to close around August 21. The company plans to use the proceeds for general corporate purposes, including debt repayment, capital expenses, and working capital.
August 17, 2023 | 3:25 pm
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Creative Realities' stock price dropped significantly following the announcement of its public offering. The company's shares are trading lower by 37.5%.
The announcement of the public offering has led to a significant drop in the company's stock price. This is likely due to the dilution of shares, which reduces the value of existing shares. The proceeds from the offering will be used for corporate purposes, which could potentially improve the company's financial position in the long term.
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