GreenPower Motor Intends To Offer To Sell Its Common Shares And/Or Pre-funded Warrants In Public Offering
Portfolio Pulse from Benzinga Newsdesk
GreenPower Motor Company Inc. announced its intention to offer and sell its common shares and/or pre-funded warrants in a public offering. The company plans to use the proceeds for general corporate purposes, including working capital and capital expenditures.
October 28, 2024 | 8:58 pm
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GreenPower Motor Company Inc. is planning a public offering of its common shares and/or pre-funded warrants. The proceeds will be used for general corporate purposes.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution concerns. The funds are intended for general corporate purposes, which may not immediately boost investor confidence.
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