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Benzinga
Benzinga
Business
Henry Khederian

Why Society Pass Shares Are Falling

Society Pass Inc (NASDAQ:SOPA) shares are trading lower by 23.7% at $3.57 Wednesday morning after the company announced pricing of a $10 million underwritten public offering.

Society Pass announced Wednesday the pricing of its underwritten public offering of 3,030,300 shares of common stock and accompanying warrants to purchase up to 3,030,300 shares of common stock. Gross proceeds, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $10 million.

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