Know Labs shares are trading lower after the company announced the pricing of $3.445 million public offering of 13.25 million units at $0.26 per unit.
Portfolio Pulse from Benzinga Newsdesk
Know Labs shares are trading lower after the company announced the pricing of a $3.445 million public offering of 13.25 million units at $0.26 per unit.
August 08, 2024 | 11:51 am
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Know Labs shares are trading lower after the company announced the pricing of a $3.445 million public offering of 13.25 million units at $0.26 per unit.
The announcement of a public offering often leads to a decrease in share price due to dilution concerns. The pricing at $0.26 per unit may be perceived as undervaluing the stock, contributing to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100