AppTech Payments shares are trading lower after the company announced a $2 million underwritten public offering.
Portfolio Pulse from Benzinga Newsdesk
AppTech Payments Corp. (APCX) shares have declined following the announcement of a $2 million underwritten public offering. This move indicates the company is seeking to raise capital, potentially diluting existing shareholders.
March 26, 2024 | 4:01 pm
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AppTech Payments Corp. shares fell after the company announced a $2 million underwritten public offering, indicating potential dilution for current shareholders.
The announcement of a public offering typically leads to concerns about shareholder dilution, which can depress the stock price in the short term. Given the size of the offering relative to the company, this is likely to have a significant impact.
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