SiNtx Technologies shares are trading lower after the company announced pricing of a $1.5 million public offering of common stock.
Portfolio Pulse from Benzinga Newsdesk
SiNtx Technologies' stock is trading lower following the announcement of a $1.5 million public offering of common stock.
April 03, 2024 | 1:21 pm
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SiNtx Technologies' shares are trading lower due to the announcement of a $1.5 million public offering of common stock.
Public offerings often lead to a decrease in stock price due to the dilution of existing shares. Given the direct impact of the news on SiNtx Technologies, it's likely that the stock price will experience short-term negative pressure.
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