NuZee shares are trading lower after the company priced a $1.275 million underwritten public offering of 425,000 shares of its common stock at a public offering price of $3.00 per share.
Portfolio Pulse from Benzinga Newsdesk
NuZee has priced a $1.275 million underwritten public offering of 425,000 shares of its common stock at a public offering price of $3.00 per share. This has led to a decrease in the company's share price.
October 18, 2023 | 3:35 pm
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NuZee's share price has decreased following the announcement of a $1.275 million underwritten public offering of its common stock.
The decrease in NuZee's share price is likely due to the dilution of shares caused by the public offering. The offering price of $3.00 per share is also potentially lower than the current market price, which could further drive down the share price.
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