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DOGZ - Dogness down 25% on announcement to raise $5.7M in stock offering
Dogness Corporation
Dogness (NASDAQ:DOGZ) slumps 25.3% in premarket trade after it entered into a securities purchase agreement with certain institutional investors for a registered direct offering of 1.97M Class A common shares at $2.88/share. Gross proceeds to the company are seen at $5.7M. Net proceeds will be used for general corporate and working capital purposes. Placement completion is expected to occur on or about Feb.24, 2022.