Zoom Tech (ZOOM) Trades Lower Following $7.93M Capital Raise
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Zoom Technologies (Nasdaq: ZOOM) shares are trading lower today following an announcement by the company that they have reached an agreement with investors for the sale of 2,113,664 common shares at a price of $3.75 per share, and warrants for the purchase of up to 1,585,248 common shares for $4.71 per share. The stock is down 9.8% to $4.05 in the morning session.
Gross proceeds are expected to be $7,926,240.
Gross proceeds are expected to be $7,926,240.
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