Inno Holdings Inc. (NASDAQ: INHD) closes $3.93M PIPE financing deal
Rhea-AI Filing Summary
Inno Holdings Inc. closed a private investment in public equity (PIPE) transaction, issuing 3,000,000 shares of common stock at $1.31 per share for total gross proceeds of $3,930,000 to ten non-U.S. investors. This transaction provides new capital to the company through the sale of newly issued common shares. As of the date of the report, Inno Holdings had 7,081,224 shares of common stock issued and outstanding.
Positive
- Inno Holdings raised $3,930,000 in new equity capital through a PIPE transaction, providing additional cash resources without increasing debt obligations.
- Shares were sold at the market price of $1.31 per share, indicating the transaction was priced in line with the prevailing common stock market price in the provided disclosure.
Negative
- The PIPE involved issuing 3,000,000 new common shares, which increases the total share count and can dilute existing shareholders' ownership percentages.
Insights
Inno raises $3.93M via a PIPE, adding cash but increasing share count.
Inno Holdings Inc. completed a PIPE transaction with ten non-U.S. investors, issuing 3,000,000 common shares at $1.31 per share for aggregate proceeds of
The filing states that these are common shares with no par value sold at the market price of
For investors evaluating this development, the key balance is between the additional
FAQ
What transaction did Inno Holdings Inc. (INHD) report?
Inno Holdings Inc. reported the closing of a private investment in public equity (PIPE) transaction involving the issuance and sale of new shares of its common stock to ten non-U.S. investors.
How much capital did Inno Holdings Inc. (INHD) raise in the PIPE?
The company raised an aggregate purchase price of $3,930,000 by issuing 3,000,000 shares of common stock at $1.31 per share.
How many shares did Inno Holdings Inc. (INHD) issue in this deal?
Inno Holdings Inc. issued an aggregate of 3,000,000 shares of its common stock with no par value as part of the PIPE transaction.
Who participated in Inno Holdings Inc.’s PIPE financing?
The PIPE financing was entered into with ten (10) non-U.S. investors, according to the disclosure.
What was the share price in Inno Holdings Inc.’s PIPE transaction?
The common stock in the PIPE was sold at the market price of $1.31 per share, as stated in the report.
How many Inno Holdings Inc. (INHD) shares are outstanding after the PIPE closing?
As of the date of the report, Inno Holdings Inc. had 7,081,224 shares of common stock issued and outstanding.
On which exchange is Inno Holdings Inc. (INHD) common stock listed?
The company’s common stock, with trading symbol INHD, is listed on The Nasdaq Stock Market LLC.