Agrify Announces Pricing Of $2.6M Public Offering Of 6,723,684 Shares At $0.38/Share
Portfolio Pulse from Benzinga Newsdesk
Agrify Corporation has announced the pricing of its public offering, aiming to raise $2.6 million through the sale of 6,723,684 shares at a price of $0.38 per share.
February 28, 2024 | 2:26 pm
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Agrify Corporation's public offering of 6,723,684 shares at $0.38 aims to raise $2.6 million.
Public offerings often lead to a dilution of existing shares, which can result in a short-term negative impact on the stock price. Given the specifics of the offering, it's likely that investors may view this move as dilutive, potentially leading to a decrease in stock price in the short term.
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