Siyata Mobile shares are trading lower after the company priced a 2.4 million share offering at $0.65 per share.
Portfolio Pulse from Benzinga Newsdesk
Siyata Mobile has priced a 2.4 million share offering at $0.65 per share, leading to a decrease in its stock price.
October 27, 2023 | 1:45 pm
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Siyata Mobile's stock price is expected to decrease in the short term due to the pricing of its 2.4 million share offering at $0.65 per share.
The company's decision to price its share offering at $0.65 per share, which is likely lower than its current trading price, has led to a decrease in its stock price. This is because the lower offering price can dilute the value of existing shares, leading to a decrease in the stock price.
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