Quanta Enters $20M Three-Tranche Investment In Vuzix, Consisting Of Vuzix Common and Preferred Stock
Portfolio Pulse from Benzinga Newsdesk
Quanta has entered a $20 million three-tranche investment in Vuzix, involving both common and preferred stock. This investment could provide Vuzix with additional capital for growth and development.
September 03, 2024 | 12:20 pm
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Quanta's $20 million investment in Vuzix, through common and preferred stock, is likely to provide Vuzix with additional capital for growth and development.
The $20 million investment by Quanta in Vuzix is significant as it involves both common and preferred stock, indicating a strong commitment. This capital infusion can be used by Vuzix for expansion and development, likely leading to positive short-term stock movement.
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