Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Applied UV Stock Plunges After Pricing Equity Offering At 16.2% Discount

  • Applied UV Inc (NASDAQ:AUVI) has priced its underwritten public offering of 2.7 million shares of common stock at $3.00 per share.
  • The offer price represents a 16.2% discount on the company’s closing price on December 28, 2021.
  • Applied UV plans to raise $8 million through the offering and intends to use it for general corporate purposes, including new investments and acquisitions.
  • The company has granted the underwriters option to purchase up to an additional 0.40 million shares.
  • Price Action: AUVI shares are trading lower by 17.9% at $2.94 in premarket on the last check Wednesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Nearly half of Americans unaware of link between eating processed meat and colorectal cancer
Colorectal cancer is the second-leading cause of cancer deaths in the US
The Independent UK
The Independent UK
“A historically significant instrument directly tied to the evolution of modern funk”: The bass Bootsy Collins used to record a James Brown anthem has been listed on eBay
The Fender Jazz Bass bought at auction for $40,000, has now been listed on eBay for almost twice as much. But you’ll have to bid an extra $299 if you want the original strings
Guitar World
Guitar World
“When you've been in a band you’re always, in the back of your head, thinking, 'Well, maybe this is it.' And I don't mind that feeling. I don't see it as a sad thing”: Mike Patton on feeling closure at the end of Faith No More
Band haven’t played live since 2016
MusicRadar
MusicRadar
“He picks it up, hits the corner of a stone table and puts a huge ding in it”: When Jeff Beck damaged an impossibly rare vintage Stratocaster – while he and Dweezil Zappa were at a party dressed as knights
This Fender once belonged to Steve Marriott or something… But Beck? He wasn’t too fussed. People pay for these dings nowadays!
Guitar World
Guitar World
‘It’s Actually Really Sexy’: Amanda Seyfried Gushed About Kissing Megan Fox In Jennifer’s Body
What a cult classic.
Cinemablend
Cinemablend
Starlight warped in the fabric of spacetime could help us find hidden black holes dancing together
Flashes of gravitationally lensed starlight could act as cosmic lighthouses revealing the presence of binary supermassive black holes in close orbit.
Space
Space
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play