Pineapple Energy shares are trading lower. The company announced it entered into a market offering agreement with Roth Capital Partners for up to $10 million.
Portfolio Pulse from Benzinga Newsdesk
Pineapple Energy's shares are trading lower following the announcement of a market offering agreement with Roth Capital Partners for up to $10 million.
October 21, 2024 | 4:24 pm
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Pineapple Energy's shares are declining after the company announced a market offering agreement with Roth Capital Partners, potentially diluting existing shares.
The announcement of a market offering agreement typically leads to a decrease in share price due to potential dilution of existing shares. The $10 million offering suggests a significant impact on the company's market capitalization, leading to the observed decline in share price.
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