Edible Garden shares are trading lower after the company priced a $3.0M underwritten public offering.
Portfolio Pulse from Benzinga Newsdesk
Edible Garden has priced a $3.0M underwritten public offering, leading to a decrease in its share price.
September 07, 2023 | 1:42 pm
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Edible Garden's shares are trading lower after the company priced a $3.0M underwritten public offering.
The company's decision to price a $3.0M underwritten public offering has led to a decrease in its share price. This is likely due to the dilution of shares, which often leads to a decrease in share price as the earnings per share may decrease.
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