Know Labs Enters Into $1.655M Offering Of 6,365,385 Units At $0.26/Unit
Portfolio Pulse from Benzinga Newsdesk
Know Labs has announced a $1.655 million offering of 6,365,385 units at $0.26 per unit.
August 16, 2024 | 1:19 pm
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Know Labs has announced a $1.655 million offering of 6,365,385 units at $0.26 per unit. This equity offering could lead to short-term dilution of existing shares, potentially putting downward pressure on the stock price.
The announcement of a new equity offering typically leads to short-term dilution of existing shares, which can result in downward pressure on the stock price. Investors may react negatively to the increased supply of shares.
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