Roma Green Finance Limited Announces Pricing Of $12.3M Public Offering Of 2,449,943 Of Shares At A Public Offering Price Of $4.00 Per Share
Portfolio Pulse from Benzinga Newsdesk
Roma Green Finance Limited (NASDAQ:ROMA), based in Hong Kong, has priced its public offering of 2,449,943 shares at $4.00 each, aiming to raise approximately $9.8 million before expenses. Additionally, a selling shareholder is offering 625,517 shares at the same price, totaling about $2.5 million in proceeds, which will not benefit the company. The shares are set to trade on Nasdaq under the symbol 'ROMA' starting January 9, 2024, with the offering expected to close by January 11, 2024. Spartan Capital Securities, LLC served as the sole book-running manager for the offering.
January 09, 2024 | 2:55 pm
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Roma Green Finance Limited has announced a public offering of shares at $4.00, which may dilute current shareholders but provides capital for the company's growth.
The pricing of the public offering is set at $4.00 per share, which could potentially dilute the value of existing shares. However, the capital raised will be used to fund the company's operations and growth initiatives. The impact on the stock price could be neutral in the short term as the market absorbs the new shares and evaluates the company's growth prospects with the additional capital.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100