Arqit Quantum Announces $13.6M Registered Direct Offering Of 5.44M Shares At $2.50/Share
Portfolio Pulse from Benzinga Newsdesk
Arqit Quantum has announced a registered direct offering, selling 5.44 million shares at $2.50 each, raising $13.6 million.
September 30, 2024 | 8:31 pm
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Arqit Quantum is conducting a registered direct offering of 5.44 million shares at $2.50 per share, raising $13.6 million. This could lead to short-term stock price pressure due to dilution.
The issuance of new shares typically leads to stock dilution, which can put downward pressure on the stock price in the short term. The offering price of $2.50 per share may also set a near-term price ceiling.
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