Genasys Announces Pricing Of $10M Public Offering Of Common Stock Of 5M Shares At $2/Share
Portfolio Pulse from Benzinga Newsdesk
Genasys has announced the pricing of its $10 million public offering of common stock. The company will be offering 5 million shares at $2 per share.
September 28, 2023 | 12:46 pm
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Genasys' public offering of 5 million shares at $2 per share could potentially dilute the value of existing shares, potentially leading to a short-term decrease in stock price.
Public offerings often lead to dilution of existing shares, which can result in a decrease in stock price. Given the size of the offering relative to Genasys' market cap, this could have a significant impact on the stock price.
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