Reported Earlier, Know Labs Prices $3.445M Public Offering Of 13.25M Units At $0.26/Unit
Portfolio Pulse from Benzinga Newsdesk
Know Labs has announced a public offering of 13.25 million units at $0.26 per unit, raising $3.445 million before expenses. Each unit includes one share of common stock and one warrant to purchase an additional share at the same price.
August 08, 2024 | 5:47 am
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Know Labs has priced a public offering of 13.25 million units at $0.26 per unit, raising $3.445 million before expenses. Each unit includes one share of common stock and one warrant to purchase an additional share at the same price.
The public offering will dilute existing shares, which typically puts downward pressure on the stock price in the short term. However, the raised capital could be used for growth initiatives, potentially benefiting the company in the long run.
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