Kaival Brands Prices 3,921,500 Unit Offering At $15.3/Unit
Portfolio Pulse from Benzinga Newsdesk
Kaival Brands has priced a unit offering of 3,921,500 units at $15.3 per unit.
June 21, 2024 | 1:15 pm
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Kaival Brands has announced the pricing of a unit offering of 3,921,500 units at $15.3 per unit. This move is likely to impact the stock price in the short term as it may lead to dilution of existing shares.
The unit offering will increase the number of shares outstanding, which typically leads to a dilution of existing shares. This can put downward pressure on the stock price in the short term.
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