Know Labs Has Priced Its Underwritten Public Offering Of 28M Shares At $0.25 Per Share, With Gross Proceeds Of $7M
Portfolio Pulse from Benzinga Newsdesk
Know Labs has priced its underwritten public offering of 28 million shares at $0.25 per share, expecting to raise gross proceeds of $7 million.
September 27, 2023 | 12:04 pm
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Know Labs' public offering of 28 million shares at $0.25 per share could dilute existing shareholders' equity, potentially impacting the stock price.
The public offering of new shares by Know Labs could dilute the value of existing shares, which may lead to a decrease in the stock price in the short term. However, the proceeds from the offering could be used to fund growth initiatives, which could have a positive impact in the long term.
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