TAT Technologies Shares Drop on Discounted Private Placement

Like
Comment
Favorite

TAT Technologies Shares Drop on Discounted Private Placement

Dow Jones09-03

By Michael Susin

TAT Technologies shares fell Tuesday after the company said it will issue a discounted private share placement.

In premarket trading, shares were down 7.4% at $16.16. On a 52-week basis, TAT's shares more than doubled.

The company said it expects to receive around $10.0 million through the issue and sale of 673,340 shares to private investors at a price of around $15.03 a share. This represents a discount of almost 14% compared with Friday's closing price of $17.46 prior to the announcement.

The newly issued shares are expected to represent around 6.2% of the company's total shares. The deal is anticipated to be completed this month.

The proceeds will be used for corporate purposes, it added.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

September 03, 2024 06:41 ET (10:41 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2464762298?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-03 18:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2464762298","market":"hk","top_or_hot":-1,"title":"TAT Technologies Shares Drop on Discounted Private Placement","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Michael Susin \n</p>\n<pre>\n \n</pre>\n<p>\n  TAT Technologies shares fell Tuesday after the company said it will issue a discounted private share placement. \n</p>\n<p>\n  In premarket trading, shares were down 7.4% at $16.16. On a 52-week basis, TAT's shares more than doubled. \n</p>\n<p>\n  The company said it expects to receive around $10.0 million through the issue and sale of 673,340 shares to private investors at a price of around $15.03 a share. This represents a discount of almost 14% compared with Friday's closing price of $17.46 prior to the announcement. \n</p>\n<p>\n  The newly issued shares are expected to represent around 6.2% of the company's total shares. The deal is anticipated to be completed this month. \n</p>\n<p>\n  The proceeds will be used for corporate purposes, it added. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Michael Susin at michael.susin@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 03, 2024 06:41 ET (10:41 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TAT Technologies Shares Drop on Discounted Private Placement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTAT Technologies Shares Drop on Discounted Private Placement\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-03 18:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Michael Susin \n\n\n \n\n\n  TAT Technologies shares fell Tuesday after the company said it will issue a discounted private share placement. \n\n\n  In premarket trading, shares were down 7.4% at $16.16. On...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TAT","symbol_name":"TransAtlantic Petroleum Ltd","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2464762298","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2464762298","pubTimestamp":1725360060,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"TAT Technologies shares fell Tuesday after the company said it will issue a discounted private share placement.In premarket trading, shares were down 7.4% at $16.16. On a 52-week basis, TAT's shares more than doubled.The company said it expects to receive around $10.0 million through the issue and sale of 673,340 shares to private investors at a price of around $15.03 a share. This represents a discount of almost 14% compared with Friday's closing price of $17.46 prior to the announcement.The newly issued shares are expected to represent around 6.2% of the company's total shares. The deal is anticipated to be completed this month.The proceeds will be used for corporate purposes, it added.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TAT":"TransAtlantic Petroleum Ltd","TATT":"TAT Technologies Ltd","BK4187":"航天航空与国防"},"translate_title":"TAT Technologies股价因私募折扣而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TAT":1,"TATT":0.9},"content_text":"By Michael Susin \n\n\n \n\n\n  TAT Technologies shares fell Tuesday after the company said it will issue a discounted private share placement. \n\n\n  In premarket trading, shares were down 7.4% at $16.16. On a 52-week basis, TAT's shares more than doubled. \n\n\n  The company said it expects to receive around $10.0 million through the issue and sale of 673,340 shares to private investors at a price of around $15.03 a share. This represents a discount of almost 14% compared with Friday's closing price of $17.46 prior to the announcement. \n\n\n  The newly issued shares are expected to represent around 6.2% of the company's total shares. The deal is anticipated to be completed this month. \n\n\n  The proceeds will be used for corporate purposes, it added. \n\n\n \n\n\n  Write to Michael Susin at michael.susin@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 03, 2024 06:41 ET (10:41 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}