SRIVARU shares are trading lower after the company announced it upsized its $6.8 million public offering.
Portfolio Pulse from Benzinga Newsdesk
SRIVARU shares declined following the announcement of an upsized $6.8 million public offering.
October 30, 2024 | 2:24 pm
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NEGATIVE IMPACT
SRIVARU's shares are trading lower due to the announcement of an upsized $6.8 million public offering, which may dilute existing shareholders' value.
The announcement of an upsized public offering typically leads to a decrease in share price due to potential dilution of existing shares. This is reflected in the immediate drop in SRIVARU's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100