Datasea shares are trading lower after the company announced that it priced its $2.25 million registered direct offering of 692,307 shares at $3.25 per share.
Portfolio Pulse from Benzinga Newsdesk
Datasea shares are trading lower after the company announced a $2.25 million registered direct offering of 692,307 shares at $3.25 per share.
July 02, 2024 | 12:43 pm
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Datasea shares are trading lower after the company announced a $2.25 million registered direct offering of 692,307 shares at $3.25 per share.
The announcement of a registered direct offering typically leads to a dilution of existing shares, which can negatively impact the stock price in the short term. The market's reaction to the offering price of $3.25 per share has led to a decrease in Datasea's share price.
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