Zenvia Entered Sales Agreement With A.G.P./Alliance Global Partners To Offer And Sell Class A Common Shares Up To $20M
Portfolio Pulse from charles@benzinga.com
Zenvia has entered into a sales agreement with A.G.P./Alliance Global Partners to offer and sell Class A common shares worth up to $20 million.
July 16, 2024 | 10:05 am
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Zenvia has entered into a sales agreement with A.G.P./Alliance Global Partners to offer and sell Class A common shares worth up to $20 million.
The sales agreement to offer and sell up to $20 million in Class A common shares could lead to dilution of existing shares, which might put downward pressure on the stock price. However, the capital raised could be used for growth initiatives, potentially offsetting the negative impact.
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