UPDATED: Nexalin Technology Files Prospectus For The Offering Of Up To $7M Of Common Stock At An Assumed Price Of $2.26 Per Share
Portfolio Pulse from Benzinga Newsdesk
Nexalin Technology is offering up to $7 million of common stock at $2.26 per share.
June 26, 2024 | 5:40 pm
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Nexalin Technology is offering up to $7 million of common stock at $2.26 per share. This could lead to a dilution of existing shares and potentially impact the stock price negatively in the short term.
The offering of new shares at a fixed price can lead to dilution of existing shares, which often results in a decrease in stock price. The $2.26 per share price point is also a critical factor for investors to consider.
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