Genasys shares are trading lower after the company announced a proposed public offering of common stock.
Portfolio Pulse from Benzinga Newsdesk
Genasys Inc. has announced a proposed public offering of common stock, leading to a decrease in its share price.
September 27, 2023 | 8:32 pm
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Genasys Inc.'s announcement of a proposed public offering of common stock has led to a decrease in its share price.
The announcement of a public offering of common stock typically leads to a decrease in the company's share price. This is because existing shareholders may fear dilution of their holdings. The market's reaction to Genasys Inc.'s announcement is consistent with this pattern.
CONFIDENCE 90
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