On April 16, ATIF Holdings Ltd Entered Into Securities Purchase Deal, To Sell 1.1M Newly Issued Ordinary Shares Of Co At Price Of $1.23 Per Share
Portfolio Pulse from Benzinga Newsdesk
ATIF Holdings Ltd has entered into a securities purchase agreement to sell 1.1 million newly issued ordinary shares at a price of $1.23 per share, according to an SEC filing.
April 19, 2024 | 8:34 pm
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ATIF Holdings Ltd's agreement to sell 1.1 million shares at $1.23 each could dilute current shareholders but also provides capital for growth.
The sale of newly issued shares often leads to dilution of existing shareholders' equity, which can have a negative impact on the stock price. However, the influx of capital can be positive if used effectively for growth, making the short-term impact neutral.
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