Crown Electrokinetics Said It May Offer Up To $9.8M Common Stock From Time To Time
Portfolio Pulse from Charles Gross
Crown Electrokinetics has announced that it may offer up to $9.8M of common stock from time to time. The details of the potential offering are available on the SEC website.
September 26, 2023 | 9:08 pm
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NEGATIVE IMPACT
Crown Electrokinetics' potential offering of up to $9.8M of common stock could dilute existing shares, potentially impacting the stock price.
The announcement of a potential stock offering often leads to a decrease in the stock price due to the dilution of existing shares. The magnitude of the impact will depend on the details of the offering and market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100