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

by Shivani Kumaresan, Benzinga Staff Writer
December 29, 2021 6:40 AM | 1 min read | Make a Comment
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  • Applied UV Inc 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.
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