Aegis Capital Corp. Acted as Sole Bookrunner on an Upsized $8.4 Million Underwritten Public Offering for Sacks Parente Golf, Inc. (NASDAQ: SPGC)
Rhea-AI Summary
Aegis Capital Corp. has successfully acted as the Sole Bookrunner for an upsized $8.4 million underwritten public offering for Sacks Parente Golf (NASDAQ: SPGC). The offering was announced on December 16, 2024.
Positive
- Successfully secured $8.4 million in capital through public offering
- Upsized offering indicates strong investor interest
Negative
- Potential dilution of existing shareholders' value
- Additional shares in market may pressure stock price
News Market Reaction 1 Alert
On the day this news was published, SPGC declined 11.00%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, NY / ACCESSWIRE / December 16, 2024 / Aegis Capital Corp. acted as Sole Bookrunner on an Upsized
About Sacks Parente Golf, Inc.
Sacks Parente Golf, Inc., a technology-forward golf company, manufactures and sells golf products. The company provides putting instruments, golf shafts, golf grips, and other golf-related products. It also offers online custom fitting programs. The company sells its products through e-commerce, distributors, wholesale customers, including pro-shops at golf courses and off-course retailers, sporting goods retailers, online retailers, third-party distributors, and through Club Champion Golf, as well as through mass merchants and corporate customers in the Americas, Asia, and Europe. The company was formerly known as Sacks Parente Golf Company, LLC and changed its name to Sacks Parente Golf, Inc. in March 2022. The company was incorporated in 2018 and is based in Camarillo, California.
For more information, visit: https://ir.sacksparente.com/
About Aegis Capital Corporation
Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research, sales and trading services to institutional and retail investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services including investment banking, wealth management, insurance, retirement planning, structured products, private equity, alternatives, equity research, fixed income and special purpose vehicles.
For more information about this offering or Investment Banking Services please email Banking@aegiscap.com or call (212) 813-1010.
Brokerage and investment advisory services are offered through Aegis Capital Corporation, a member of FINRA and SIPC. Investment and insurance products offered are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.
SOURCE: Aegis Capital Corp.
View the original press release on accesswire.com
FAQ
What is the size of Sacks Parente Golf's (SPGC) December 2024 public offering?
Who is the bookrunner for SPGC's $8.4 million public offering?
When did SPGC announce its $8.4 million public offering?
What type of offering did Sacks Parente Golf (SPGC) complete in December 2024?
