BlackSky Technology shares are trading lower after the company announced the pricing of a $40 million public offering of 10 million shares at $4.00 per share.
Portfolio Pulse from Benzinga Newsdesk
BlackSky Technology's shares fell following the announcement of a $40 million public offering, pricing 10 million shares at $4.00 each.
September 25, 2024 | 12:50 pm
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BlackSky Technology's stock price declined after the company announced a $40 million public offering, issuing 10 million shares at $4.00 per share.
The announcement of a public offering often leads to a decrease in stock price due to dilution concerns. The pricing of shares at $4.00 may also indicate a lower valuation, contributing to the negative market reaction.
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