- The stock price of IZEA Worldwide Inc (NASDAQ: IZEA) increased by 48.83% today. This is why it happened.
The stock price of IZEA Worldwide Inc (NASDAQ: IZEA) increased by 48.83% today as it went from a previous close of $4.71 to $7.01. One of the reasons why the stock price increased is due to the company announcing an At the Market (ATM) sales agreement with National Securities Corporation (acting as the sales agent) relating to the sale of shares of common stock, which is an option to offer and sell shares of common stock, $0.0001 par value per share, having an aggregate offering price of up to $35 million from time to time through the sales agent.
IZEA is known for running a marketplace that links creators and influencers with brands for advertising and promotions.
Sometimes stock offerings send stock prices down. But in this case, IZEA benefitted instead. Investors likely believe that IZEA’s raising of funds will drive substantial growth for the company.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.