Correct. For the PIPE to be successful they need to drop the price
I was in another ticker years ago where PIPE financing was used and the bad actors shorted the stock into a death spiral so they could get as much stock as possible. Company is still alive but had to delist. I’m assuming this won’t be our outcome....
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.