Jul. 10 at 10:06 PM
$ELPW 📚 For some perspective...
In February, ELPW priced a
$7.6M public offering at
$3.16 per unit. 📉 The stock sold off hard on the dilution news, dropping as low as
$0.70. After the offering officially closed, it rebounded to an intraday high of
$2.46 🚀 as the uncertainty was behind it.
This time it's a
$6.6M offering at
$0.40 per unit. 💰 It's not an apples-to-apples comparison, but it shows that an offering doesn't automatically mean the story is over.
👀 I'm watching how the market absorbs the new shares after Monday's close.
⚠️ Not financial advice. Do your own DD.