CORRECTION: Foresight Autonomous Holdings Announces Pricing Of $4.5M Registered Direct Offering Of 4.5M American Depositary Shares At A Price Of $1/ADS
Portfolio Pulse from Benzinga Newsdesk
Foresight Autonomous Holdings has announced a registered direct offering of 4.5 million American Depositary Shares (ADS) at a price of $1 per ADS, raising a total of $4.5 million.

December 07, 2023 | 1:35 pm
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Foresight Autonomous Holdings' direct offering of 4.5M ADS at $1 each may dilute current shareholders but provides capital for operations and growth.
The direct offering of shares typically leads to dilution of existing shareholders' equity, which can result in a negative short-term impact on the stock price. However, the capital raised can be used to fund the company's operations and strategic initiatives, which might be positive in the long term.
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