The Real Good Food Company Priced 6,785,715 Share Offering Of Common Stock @ $2.10/Share
Portfolio Pulse from Charles Gross
The Real Good Food Company, Inc. (NASDAQ:RGF) has priced an underwritten public offering of 6,785,715 shares of its Class A common stock at $2.10 per share, expecting to raise approximately $14.3 million. The proceeds will be used for general corporate purposes. The company has also granted underwriters a 30-day option to purchase an additional 1,017,857 shares. The offering is expected to close on October 16, 2023.
October 11, 2023 | 11:22 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The Real Good Food Company's public offering could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price. However, the raised capital could strengthen the company's financial position in the long run.
Public offerings often lead to short-term stock price decreases due to dilution of existing shareholders' equity. However, the capital raised can be used to invest in growth initiatives, which could potentially increase the company's value in the long run.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100