Real Messenger Prices $4 Million Public Offering; Shares Fall

MT Newswires Live

06/09

Real Messenger (RMSG) shares were down more than 60% in Monday trading after the company said it priced its public offering of about 5.7 million units at $0.70 per unit, for expected gross proceeds of roughly $4 million.

Each unit consists of one class A share or one pre-funded warrant to purchase one class A share, along with one common warrant exercisable for one class A share. The common warrants are immediately exercisable at $0.70 per share and are subject to customary anti-dilution adjustments.

The offering is expected to close on or about Tuesday.

Price: 0.72, Change: -1.11, Percent Change: -60.71

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