Digital Ally Prices ~$2.9M Private Placement Of 1,195,219 Units At $2.51/Unit
Portfolio Pulse from Benzinga Newsdesk
Digital Ally has announced the pricing of a private placement worth approximately $2.9 million, consisting of 1,195,219 units at $2.51 per unit.
June 24, 2024 | 1:36 pm
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Digital Ally has priced a private placement of approximately $2.9 million, consisting of 1,195,219 units at $2.51 per unit. This move is likely to provide the company with additional capital but may also dilute existing shareholders.
The private placement will provide Digital Ally with additional capital, which can be positive for the company's operations and growth. However, the issuance of new units may dilute the value of existing shares, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100