What's Going On With Real Good Food Company Stock?
Portfolio Pulse from Erica Kollmann
Real Good Food Company, Inc. (NASDAQ:RGF) shares surged in after-hours trading following the announcement of a $60 million debt refinancing deal. The company plans to use the funds to repay existing debt and support expansion initiatives. Additionally, 19.99% of its equity was issued to Emblem Investment Fund.
September 26, 2024 | 9:24 pm
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Real Good Food Company announced a $60 million debt refinancing deal, leading to a 66.76% surge in its stock price. The funds will be used for debt repayment and expansion, with 19.99% equity issued to Emblem Investment Fund.
The announcement of a significant refinancing deal and strategic equity issuance has led to a substantial increase in RGF's stock price. The funds will aid in expansion and debt repayment, indicating positive future growth prospects.
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