SRIVARU shares slump after it prices its $6.8M public offering

seekingalpha

30 Oct 2024

SRIVARU Holding0.00%

SRIVARU (NASDAQ:SVMH) said it has priced its public offering of 106.3M units at a public offering price of $0.064 apiece.
The firm said each unit will have one share and one warrant to purchase one ordinary share, which can be exercisable for two ordinary shares pursuant.
Additionally, the firm has granted the underwriters a 45-day option to purchase up to an additional 15.9M shares and 15.9M warrants to cover over-allotments at the public offering price, less the underwriting discount.
The common warrants will be exercisable at $0.096 per share.
The firm expects gross proceeds of $6.8M.
Shares in the company slumped 46.8% in premarket trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

no data

No relevant data is available

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2479207956"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2479207956\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2479207956?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-30 20:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2479207956","market":"us","top_or_hot":-1,"title":"SRIVARU shares slump after it prices its $6.8M public offering","media":"seekingalpha","content":"<html><body><ul> <li>SRIVARU (<span>NASDAQ:SVMH</span>) said it has priced its public offering of 106.3M units at a public offering price of $0.064 apiece.</li> <li>The firm said each unit will have one share and one warrant to purchase one ordinary share, which can be exercisable for two<span> ordinary shares pursuant.</span> </li> <li>Additionally, the firm has granted the underwriters a 45-day option to purchase up to an additional 15.9M shares and 15.9M warrants to cover over-allotments at the public offering price, less the underwriting discount.</li> <li>The common warrants will be exercisable at $0.096 per share.</li> <li>The firm expects gross proceeds of $6.8M.</li> <li>Shares in the company <span>slumped 46.8% </span>in premarket trade.</li> </ul> </body></html>","source":"seekingalpha_trending_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SRIVARU shares slump after it prices its $6.8M public offering</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSRIVARU shares slump after it prices its $6.8M public offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-30 20:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4222755-srivaru-shares-slump-after-it-prices-its-68m-public-offering><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SRIVARU (NASDAQ:SVMH) said it has priced its public offering of 106.3M units at a public offering price of $0.064 apiece. The firm said each unit will have one share and one warrant to purchase one ...</p>\n\n<a href=\"https://seekingalpha.com/news/4222755-srivaru-shares-slump-after-it-prices-its-68m-public-offering\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SVMH","symbol_name":"SRIVARU Holding","start_time":0,"source_url":"https://seekingalpha.com/news/4222755-srivaru-shares-slump-after-it-prices-its-68m-public-offering","article_id":"2479207956","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479207956","pubTimestamp":1730292651,"columns":[],"sourceInfo":{"source_id":"seekingalpha_trending_news","name":"Seeking Alpha Trending News"},"weMediaInfo":null,"summary":"SRIVARU  said it has priced its public offering of 106.3M units at a public offering price of $0.064 apiece. The firm said each unit will have one share and one warrant to purchase one ordinary share, which can be exercisable for two ordinary shares pursuant.  Additionally, the firm has granted the underwriters a 45-day option to purchase up to an additional 15.9M shares and 15.9M warrants to cover over-allotments at the public offering price, less the underwriting discount. The common warrants will be exercisable at $0.096 per share. The firm expects gross proceeds of $6.8M. Shares in the company slumped 46.8% in premarket trade.","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SVMH":"SRIVARU Holding","BK4091":"摩托车制造商"},"translate_title":"SRIVARU公开发行680万美元后股价暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SVMH":0.9},"content_text":"SRIVARU (NASDAQ:SVMH) said it has priced its public offering of 106.3M units at a public offering price of $0.064 apiece. The firm said each unit will have one share and one warrant to purchase one ordinary share, which can be exercisable for two ordinary shares pursuant.  Additionally, the firm has granted the underwriters a 45-day option to purchase up to an additional 15.9M shares and 15.9M warrants to cover over-allotments at the public offering price, less the underwriting discount. The common warrants will be exercisable at $0.096 per share. The firm expects gross proceeds of $6.8M. Shares in the company slumped 46.8% in premarket trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}

If the download button clicks without skipping, click on the top right menu and select "Open in Browser."

Consult now
Download APP
Scan QR code to download the app.