Super League Announces Pricing Of $2.2M Underwritten Public Offering Of 16,923,077 Shares Of Common Stock At $0.13/Share
Portfolio Pulse from Benzinga Newsdesk
Super League Gaming (SLGG) has announced the pricing of its underwritten public offering of 16,923,077 shares of common stock at $0.13 per share, raising a total of $2.2 million.
August 21, 2023 | 12:43 pm
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Super League Gaming's public offering of 16.9 million shares at $0.13 per share could potentially dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
The announcement of a public offering usually leads to a short-term decrease in the stock price due to the 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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