Funko Raises $18.6M In Share Sale; Prices 2M Shares At $9.30 Each
Portfolio Pulse from Benzinga Newsdesk
Funko has raised $18.6 million through a share sale, pricing 2 million shares at $9.30 each.
July 16, 2024 | 3:35 pm
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POSITIVE IMPACT
Funko raised $18.6 million by selling 2 million shares at $9.30 each. This equity action could provide the company with additional capital for growth or operational needs.
The successful share sale indicates investor confidence and provides Funko with additional capital, which could be used for growth initiatives or operational needs. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100