SRIVARU Prices Upsized $6.8M Underwritten Public Offering Of 106,250,000 units At $0.064/Unit
Portfolio Pulse from Benzinga Newsdesk
SRIVARU has announced an upsized underwritten public offering, raising $6.8 million by selling 106,250,000 units at $0.064 per unit.
October 30, 2024 | 12:41 pm
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NEGATIVE IMPACT
SRIVARU's upsized public offering of $6.8 million involves selling 106,250,000 units at $0.064 per unit, which could impact the stock price due to dilution.
The public offering increases the number of shares available, potentially diluting existing shares and impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100