Summit Wireless Technologies To Raise $10M Via Institutional Equity Offering At 13% Discount

by Anusuya Lahiri, Benzinga Editor
July 23, 2021 9:35 AM | 23 seconds read |
  • Summit Wireless Technologies Inc WISA agreed to sell 2.5 million shares at $4 per share in a secondary institutional placement.
  • The offer price signifies a 13% discount to the Thursday closing price of $4.6.
  • The estimated gross offering proceeds is $10 million.
  • The stock has gained 95% in the last year.
  • Price action: WISA shares traded lower by 16.1% at $3.86 on the last check Friday.
Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Comments
Posted In:
NewsPenny StocksOfferingsTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga

© 2024 Benzinga | All Rights Reserved