iPower Plans Purchase And Sale Of 2.08M Shares Of Common Stock At $2.40 Per Share In Registered Direct Offering
Portfolio Pulse from Benzinga Newsdesk
iPower Inc. (IPW) has announced a registered direct offering of 2.08 million shares of its common stock at a price of $2.40 per share.
June 17, 2024 | 11:50 am
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iPower Inc. (IPW) has announced a registered direct offering of 2.08 million shares of its common stock at a price of $2.40 per share. This move is likely to dilute existing shares and could put downward pressure on the stock price in the short term.
The issuance of new shares typically dilutes the value of existing shares, which can lead to a decrease in the stock price. The offering price of $2.40 per share may also set a new benchmark for the stock's value, potentially leading to short-term downward pressure.
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