Siyata Mobile shares are trading lower after the company announced the pricing of an approximately $6 million public offering of common stock and pre-funded warrants.
Portfolio Pulse from Benzinga Newsdesk
Siyata Mobile shares are trading lower following the announcement of a $6 million public offering of common stock and pre-funded warrants.
June 27, 2024 | 1:11 pm
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Siyata Mobile shares are trading lower after the company announced a $6 million public offering of common stock and pre-funded warrants.
The announcement of a public offering typically leads to a dilution of existing shares, which can negatively impact the stock price in the short term. Investors may react to the increased supply of shares and potential dilution of value.
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IMPORTANCE 80
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