Akoustis Announces Pricing Of $10M Public Offering Of 20M Shares Of Common Stock At A Price Of $0.50/Share
Portfolio Pulse from Benzinga Newsdesk
Akoustis Technologies has priced a public offering of 20 million shares at $0.50 per share. This offering represents a significant increase in the company's outstanding shares and could potentially dilute the value of existing shares.
January 25, 2024 | 2:09 pm
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Akoustis Technologies' new share offering at a price of $0.50 per share could lead to dilution of existing shares, potentially causing a short-term decrease in stock price.
The pricing of Akoustis Technologies' share offering at $0.50 is likely to result in dilution of the value of existing shares. This is because the increase in the number of shares available can lead to a decrease in earnings per share and a perception of reduced scarcity, which often results in a downward pressure on the stock price in the short term.
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