DatChat shares are trading lower after the company announced its subsidiary acquired RPM Interactive with 3.5 million units of stock as part of the transaction.
Portfolio Pulse from Benzinga Newsdesk
DatChat's stock is trading lower following the announcement that its subsidiary acquired RPM Interactive using 3.5 million units of stock.
October 30, 2024 | 3:09 pm
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DatChat's stock price is negatively impacted after the company announced its subsidiary's acquisition of RPM Interactive using 3.5 million units of stock.
The acquisition of RPM Interactive by DatChat's subsidiary using 3.5 million units of stock likely led to concerns about stock dilution among investors, causing the stock price to drop. The market often reacts negatively to such transactions due to the potential dilution of existing shares.
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