Genasys shares are trading lower after the company priced its 5 million share common stock offering at $2 per share.
Portfolio Pulse from Benzinga Newsdesk
Genasys has priced its 5 million share common stock offering at $2 per share, leading to a decrease in its share price.
September 28, 2023 | 2:32 pm
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Genasys' share price is trading lower after the company priced its 5 million share common stock offering at $2 per share.
The company's decision to price its common stock offering at $2 per share has led to a decrease in its share price. This is because the offering price is lower than the current market price, which dilutes the value of existing shares.
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