Reported Earlier, GreenPower Motor Company Prices $2.3M Public Offering Of Shares And Warrants
Portfolio Pulse from Benzinga Newsdesk
GreenPower Motor Company has announced a public offering priced at $2.3M, involving 1.5M common shares and equal number of warrants, each bundle at $1.55. Warrants are exercisable at $1.82 and expire in three years, with an underwriter option for an additional 5% of shares/warrants.
May 07, 2024 | 7:23 am
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GreenPower Motor Company's public offering of $2.3M with shares and warrants could dilute current share value but may provide necessary capital for expansion or operations.
The offering could lead to short-term negative pressure on GreenPower's stock price due to potential dilution of existing shares. However, the capital raised is crucial for the company's growth or operational needs. The pricing of the warrants above the current market price could indicate management's confidence in the company's future performance.
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