Cheetah Net Supply Chain Service Prices 13.21M Share Offering At $0.62/Share
Portfolio Pulse from Benzinga Newsdesk
Cheetah Net Supply Chain Service has priced its share offering at $0.62 per share, with a total of 13.21 million shares being offered.

May 14, 2024 | 12:38 pm
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Cheetah Net Supply Chain Service's recent share offering could dilute existing shareholders but may provide necessary capital for operations or growth.
Share offerings often lead to dilution of existing shares, which can negatively impact the stock price in the short term. However, the capital raised is typically used for growth or operational needs, which could be positive in the long term. The specific pricing and volume of the offering suggest a significant impact on the company's capital structure.
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