Loop Media shares are trading lower after the company announced a $2.45 million registered direct offering and private placement.
Portfolio Pulse from Benzinga Newsdesk
Loop Media shares are trading lower following the announcement of a $2.45 million registered direct offering and private placement.
May 31, 2024 | 6:38 pm
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NEGATIVE IMPACT
Loop Media shares are trading lower after the company announced a $2.45 million registered direct offering and private placement.
The announcement of a registered direct offering and private placement typically dilutes existing shareholders' equity, leading to a decrease in share price. This is reflected in the immediate trading lower of Loop Media shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100