Iveda Solutions shares are trading lower after the company announced a $2.15 million registered direct offering of 5 million shares at $0.43 per share.
Portfolio Pulse from Benzinga Newsdesk
Iveda Solutions shares fell following the announcement of a $2.15 million registered direct offering of 5 million shares at $0.43 per share.
September 05, 2024 | 1:24 pm
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Iveda Solutions announced a $2.15 million registered direct offering, issuing 5 million shares at $0.43 each, leading to a decline in share price.
The announcement of a direct offering typically leads to a dilution of existing shares, which can negatively impact the stock price. The offering price of $0.43 per share is likely below the current market price, contributing to the decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100