SVFD - Save Foods slides premarket on pricing of $4.8M stock offering
- Save Foods ( NASDAQ: SVFD ) stock slid 36.3% premarket on Tuesday after the firm priced a public offering of 1.6M shares at $3/share for gross proceeds of $4.8M.
- Underwriters have been granted a 45-day option to buy up to 240K additional shares from SVFD, to cover over-allotments, at the offering price.
- The offering is expected to close on Aug. 18.
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Save Foods slides premarket on pricing of $4.8M stock offering