Focus Universal shares are trading lower after the company announced a $1.2 million registered direct offering of 3.75 million shares at $0.32 per share.
Portfolio Pulse from Benzinga Newsdesk
Focus Universal's stock is declining following the announcement of a $1.2 million registered direct offering, involving 3.75 million shares priced at $0.32 each.
September 16, 2024 | 12:47 pm
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Focus Universal's stock is experiencing a decline due to the announcement of a $1.2 million registered direct offering, which involves issuing 3.75 million shares at $0.32 per share.
The announcement of a direct offering typically leads to a decrease in stock price due to dilution concerns. The offering price of $0.32 per share may also be perceived as low, contributing to the negative sentiment.
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