Performant Financial To Raise $40M Via Stock Offering

August 18, 2021 2:56 PM | 1 min read |

Performant Financial Corp PFMT has priced its public offering of 10.525 million shares at $3.80 per share.
The company granted underwriters a 30-day option to purchase up to an additional 1.58 million shares.
The company expects gross proceeds from this offering to be ~$40 million.
The offering is scheduled to close on August 20, 2021.
Performant Financial intends to use the offering net proceeds for working capital and other general corporate purposes.
Price Action: PFMT shares are trading lower by 9.13% at $3.89 on the last check Wednesday.

Posted In: News Penny Stocks Offerings Briefs

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.