Reported August 28: SciSparc Files For Sale Of Up To 21M Ordinary Shares Under $20M SEPA Agreement; Shares Priced At 97% Of Market Value; May Receive Up To $8.82M
Portfolio Pulse from Benzinga Newsdesk
SciSparc has filed for the sale of up to 21 million ordinary shares under a $20 million SEPA agreement, with shares priced at 97% of market value. The company may receive up to $8.82 million from this sale.
August 29, 2024 | 12:46 pm
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SciSparc is selling up to 21 million shares under a SEPA agreement, priced at 97% of market value, potentially raising $8.82 million.
The sale of a large number of shares at a discount to market value can lead to dilution of existing shares, potentially putting downward pressure on the stock price in the short term.
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