Reported Monday, Better Choice Company Prices $5M Public Offering Of 1,667,000 Common Shares At $3/Share
Portfolio Pulse from Benzinga Newsdesk
Better Choice Company Inc. (NYSE:BTTR) announced the pricing of its $5 million public offering of 1,667,000 common shares at $3 per share. The offering includes an option for underwriters to purchase an additional 100,000 shares.
July 30, 2024 | 7:13 am
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Better Choice Company Inc. (NYSE:BTTR) has priced its public offering of 1,667,000 common shares at $3 per share, raising approximately $5 million before expenses. The offering includes an option for underwriters to purchase an additional 100,000 shares.
The public offering at $3 per share could lead to short-term dilution of existing shares, potentially putting downward pressure on the stock price. The additional option for underwriters to purchase more shares adds to this potential dilution.
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