Reported Earlier, GreenPower Motor Prices $3M Public Offering Of 3M Common Shares At $1/Share
Portfolio Pulse from Benzinga Newsdesk
GreenPower Motor has announced a public offering of 3 million common shares priced at $1 per share, aiming to raise $3 million.
October 29, 2024 | 7:14 am
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GreenPower Motor is conducting a public offering of 3 million shares at $1 each, raising $3 million.
The public offering at a low price of $1 per share may indicate a need for capital and could lead to dilution of existing shares, potentially putting downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100