GreenPower Announces Proposed Public Offering Of Common Shares & Warrants; No Size Or Amount Disclosed
Portfolio Pulse from Benzinga Newsdesk
GreenPower Motor Company Inc. (NASDAQ:GP) announced it has commenced an underwritten public offering in the United States, consisting of common shares and warrants. The offering's size, pricing, or terms were not disclosed, and its completion is subject to market conditions. The company also plans to grant the underwriter, Maxim Group LLC, a 45-day option to purchase up to an additional 5% of the shares and/or warrants offered.
May 06, 2024 | 8:36 pm
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GreenPower Motor Company Inc. announces a public offering of common shares and warrants, with Maxim Group LLC as the book-runner. The offering's details are yet to be disclosed.
Public offerings often lead to short-term price declines due to the potential dilution of existing shares. The lack of details on the offering size and terms adds uncertainty, likely impacting investor sentiment negatively in the short term.
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