DatChat, Inc. Announces Proposed Underwritten Public Offering Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
DatChat, Inc. has announced a proposed underwritten public offering of its common stock. This move could potentially dilute existing shareholders but also provide the company with additional capital for growth and operations.
January 16, 2024 | 9:07 pm
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DatChat's announcement of a public offering of common stock may lead to short-term stock price decline due to potential dilution of existing shares.
Public offerings often result in dilution of existing shares, which can lead to a decrease in stock price as the market adjusts to the increased number of shares available. However, the additional capital raised can be positive in the long-term if used effectively by the company.
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