Pineapple Energy Entered At The Market Offering Agreement With Roth Capital Partners, Authorized Sale At Its Discretion Of Shares In Aggregate Offering Amount Up To $10M Under Sales Agreement
Portfolio Pulse from Benzinga Newsdesk
Pineapple Energy has entered into an at-the-market offering agreement with Roth Capital Partners, allowing the sale of shares up to $10 million. This move provides Pineapple Energy with flexibility in raising capital.
October 21, 2024 | 12:08 pm
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Pineapple Energy's agreement with Roth Capital Partners for an at-the-market offering allows the company to sell shares up to $10 million, providing flexibility in capital raising.
The at-the-market offering agreement allows Pineapple Energy to raise capital as needed, which can be beneficial for funding operations or growth. However, the impact on the stock price is neutral in the short term as it depends on how the market perceives the use of the raised capital.
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