Dolphin Entertainment Announces Pricing Of $2.3M Public Offering Of Common Stock Of 1.4M Shares At $1.65/Share
Portfolio Pulse from Benzinga Newsdesk
Dolphin Entertainment has announced the pricing of its public offering of common stock. The company is offering 1.4 million shares at $1.65 per share, aiming to raise $2.3 million.
October 31, 2023 | 12:47 pm
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Dolphin Entertainment's public offering of 1.4 million shares at $1.65 per share could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a decrease in stock price. As Dolphin Entertainment is directly involved in this news, the relevance is high. The importance is also significant as it directly affects the company's financial structure and could impact the stock price.
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