On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Why Is Elevation Oncology (ELEV) Stock Down 26% Today?.Why Is Greenlane (GNLN) Stock Down 5% Today?.Tesla (TSLA) Stock Jumps on General Motors Partnership.You can catch up on all of this news at the links below! More Stock Market News For Friday We have all of the hottest stock market coverage traders need to know about on Friday! Among that is what’s moving shares of Tesla (NASDAQ: TSLA), Greenlane (NASDAQ: GNLN) and Elevation Oncology (NASDAQ: ELEV) stock this morning. Investors looking for more of the most recent stock market news will want to stick around! The firm was founded in 2020 and went public via a merger in 2021.īBAI stock is up about half a percentage point as of Friday morning. Its focus is on offering AI-powered analytics and cyber solutions to help customers better understand data. Oftentimes, offerings value shares below their current price, which drops the stock.īigBear.ai is an artificial intelligence ( AI) company. It’s likely that the offering price being the same as yesterday’s close, as well as the higher exercise price for warrants, is helping fuel this reaction. Instead, the company’s shares are up slightly alongside the news as of this writing. However, that’s not the case with BBAI stock on Friday morning. Offerings can also cause a company’s stock to drop when they are announced. Doing so will erode the stakes of current investors in the company. Just like with any other offering, this one will add more outstanding shares of BBAI stock. The company doesn’t say what it plans to do with these funds after the offering closes on June 13, 2023.
The warrants have an exercise price of $2.32 per share.īigBear.ai is expecting to generate gross proceeds of about $25 million from this stock offering. These are being sold together in units that are priced at $2.11 per share. This registered direct offering has the company selling 11.84 million shares of BBAI stock as well as warrants for up to another 8.88 million shares. BigBear.ai (NYSE: BBAI) stock is on the move Friday after the company announced details of a registered directing offering for its shares.
0 kommentar(er)
