Wag! Group shares are trading lower after the company announced the pricing of an underwritten public offering of 7,407,407 shares of its common stock at $1.35/Share.
Portfolio Pulse from Benzinga Newsdesk
Wag! Group shares are trading lower following the announcement of an underwritten public offering of 7,407,407 shares of its common stock at $1.35 per share.
July 17, 2024 | 12:09 pm
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Wag! Group's stock price is declining due to the announcement of an underwritten public offering of 7,407,407 shares at $1.35 per share.
The announcement of a public offering typically leads to a dilution of existing shares, which can negatively impact the stock price. The offering price of $1.35 per share is likely perceived as low, contributing to the decline in share price.
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