Sonoma Pharmaceuticals shares are trading lower after the company announced pricing of a $1.7 million public offering of common stock.
Portfolio Pulse from Benzinga Newsdesk
Sonoma Pharmaceuticals has announced the pricing of a $1.7 million public offering of common stock, leading to a decrease in its share price.
October 26, 2023 | 3:51 pm
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Sonoma Pharmaceuticals' stock price is trading lower after the company announced a $1.7 million public offering of common stock.
The announcement of a public offering often leads to a decrease in the company's stock price. This is because it dilutes the value of existing shares. In this case, Sonoma Pharmaceuticals' announcement of a $1.7 million public offering has led to a decrease in its share price.
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