Zapp Electric Vehicles Files Prospectus For The Sale From Time To Time Of Up To 1,436,339 Ordinary Shares
Portfolio Pulse from Benzinga Newsdesk
Zapp Electric Vehicles has filed a prospectus for the potential sale of up to 1,436,339 ordinary shares. This move indicates that the company may be looking to raise capital through the sale of these shares.
June 13, 2024 | 4:04 pm
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Zapp Electric Vehicles has filed a prospectus for the sale of up to 1,436,339 ordinary shares, indicating a potential capital raise.
The filing of a prospectus for the sale of shares often indicates that a company is looking to raise capital. This can lead to a dilution of existing shares, which may negatively impact the stock price in the short term.
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