Know Labs shares are trading lower after the company announced pricing of a $7 million public offering of common stock.
Portfolio Pulse from Benzinga Newsdesk
Know Labs announced the pricing of a $7 million public offering of common stock, leading to a decrease in its share price.
September 27, 2023 | 12:42 pm
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Know Labs' stock price is trading lower after the company announced a $7 million public offering of common stock.
Public offerings often lead to a decrease in the share price due to dilution of shares. As Know Labs announced a $7 million public offering, it is expected that the share price will decrease in the short term.
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