Skip to main content

Market Overview

UniPixel Plunges After Announcing Public Offering

UniPixel Plunges After Announcing Public Offering

Shares of UniPixel Inc (NASDAQ: UNXL), a nano-cap pre-production stage company that is engaged in products for the display, touch screen and flexible electronics market segments, plunged more than 25 percent after the company announced a public offering of newly issued shares of stock.

UniPixel plans to offer 5.35 million shares of its own stock at a public offering price of $1.50 per share with the option for its underwriters to purchase up to an additional 802,500 shares.

Related Link: UniPixel Inc Shares Fall $0.28

UniPixel's stock closed for trading at $2.08 on Thursday.

The company expects proceeds from the sale to be approximately $7.46 million and plans to use the funds for general corporate purposes, which may include capital expenditures and additions to working capital.

At time of writing, UniPixel shares were down 25.96 percent in Friday's pre-market.


Related Articles (UNXL)

View Comments and Join the Discussion!

Posted-In: Display Share Offering touch screen UniPixelNews Offerings Movers Tech Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at