Grom Social shares are trading lower after the company priced a $3 million offering.
Portfolio Pulse from Benzinga Newsdesk
Grom Social has priced a $3 million offering, leading to a decrease in its share price.
September 08, 2023 | 7:53 pm
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Grom Social's stock price is trading lower after the company priced a $3 million offering.
The company's decision to price a $3 million offering has led to a decrease in its share price. This is because offerings often dilute the value of existing shares, leading to a decrease in the stock price.
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