Orangekloud Technology Files For Resale Of Up To 2.94M Class A Ordinary Shares By Selling Shareholders
Portfolio Pulse from Benzinga Newsdesk
Orangekloud Technology has filed with the SEC for the resale of up to 2.94 million Class A ordinary shares by selling shareholders. This move could impact the stock's supply and demand dynamics.
September 11, 2024 | 8:11 pm
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Orangekloud Technology's filing for the resale of up to 2.94 million Class A ordinary shares by selling shareholders may increase the stock's supply, potentially affecting its price.
The resale of a significant number of shares can increase the supply in the market, which may lead to downward pressure on the stock price if demand does not match the increased supply.
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