Flux Power stock plunges after pricing $9.6 million public offering By Investing.com
Update: 2025-10-31
Description
Flux Power's stock plummeted by 34% on October 31st after announcing a public stock offering of 3.84 million shares at $2.50 each. The company aims to raise $9.6 million, but investors fear dilution as the price is below recent market value. Lake Street Capital Markets can buy an additional 576,000 shares if demand is high. The sale is expected to close on November 3rd, leaving investors uncertain about the company's short-term prospects and the use of the funds.
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