Edible Garden Announces Pricing Of $5.65M Offering At $0.36/Share
Portfolio Pulse from Benzinga Newsdesk
Edible Garden has announced the pricing of a $5.65 million offering at $0.36 per share. This move is likely to impact the company's stock price in the short term.
September 27, 2024 | 2:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Edible Garden has priced a $5.65 million offering at $0.36 per share, which could lead to short-term stock price fluctuations as the market reacts to the dilution and capital raise.
The announcement of a stock offering typically leads to a decrease in stock price due to dilution. The offering price of $0.36 per share may also influence investor perception and trading activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100