Society Pass Inc Says On August 21, Co Entered Into Sales Agreement With Ascendiant Capital Markets For Offering Of Up To $10M Common Stock
Portfolio Pulse from Happy Mohamed
Society Pass Inc has entered into a sales agreement with Ascendiant Capital Markets for an offering of up to $10M in common stock. The agreement was made on August 21.
August 21, 2023 | 8:09 pm
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Society Pass Inc's agreement with Ascendiant Capital Markets for a $10M common stock offering could potentially dilute existing shares, impacting the stock price.
The announcement of a new stock offering often leads to a decrease in the stock's price due to potential dilution of existing shares. As Society Pass Inc is directly involved in this agreement, the impact on its stock price is highly relevant.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100