Webuy Announces Pricing Up To 10M Share Offering At $0.29/Share
Portfolio Pulse from Benzinga Newsdesk
Webuy announced a pricing of up to 10 million share offering at $0.29 per share, indicating a significant move to raise capital.
April 30, 2024 | 9:41 pm
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Webuy's announcement of a share offering at $0.29 for up to 10 million shares could dilute current shareholder value but indicates a capital raise effort.
Share offerings often lead to dilution of existing shares, potentially lowering the stock price in the short term. However, this move is aimed at raising capital, which could be beneficial for the company's future growth. The pricing at $0.29 per share is a key detail that investors will weigh against current market price and future prospects.
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