Innovate Enters Open Market Sale Agreement With Jefferies To Sell Up To $31M Of Stock
In accordance with the terms of the Sales Agreement, under this prospectus supplement we may offer and sell shares of our common stock, par value $0.001 per share, having an aggregate offering price of up to $31 million
Innovate made a deal to sell up to $31 million worth of its own stock to raise money. When a company sells more stock, it means each old share gets a smaller piece of the whole company, so watch how investors react to that.
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