TradeUP Acquisition Corp. Pursuant To The Subscription Agreements, Concurrently With The Closing Of The Business Combination, Each Investor Will Purchase An Aggregate Of $5M Shares Of The Co's Stock, Par Value $0.0001 Per Share At A Price Per Share Of $10
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TradeUP Acquisition Corp. has announced that each investor will purchase an aggregate of $5M shares of the company's stock, at a price per share of $10, concurrently with the closing of the business combination, according to an SEC filing.
September 20, 2023 | 7:58 pm
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TradeUP Acquisition Corp. (UPTD) is issuing $5M shares at $10 per share. This will occur concurrently with the closing of a business combination.
The issuance of new shares can dilute the value of existing shares, which could potentially lead to a decrease in the stock price. However, the funds raised from the issuance could be used for beneficial business activities, which could potentially increase the stock price. Therefore, the short-term impact on the stock price is uncertain.
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