- The stock price of Alfi Inc (NASDAQ: ALF) increased by 48.6% (from $3.58 to $5.32) pre-market. This is why it happened.
The stock price of Alfi Inc (NASDAQ: ALF) increased by 48.6% (from $3.58 to $5.32) pre-market. While there is no specific news driving the stock price up, it appears that day traders are taking advantage of the low float of the newly public company. Specifically, retail investors on social media platforms like StockTwits, Reddit, Twitter, Facebook, and Discord are coordinating the driving up of the stock price today.
Alfi is an AI enterprise SaaS platform company, powering computer vision with machine learning models to allow content publishers and brand owners to deliver interactive, intelligent information without violating user privacy.
Earlier this week, the company announced the pricing of a firm underwritten public offering of 3,731,344 shares of common stock and warrants to purchase 3,731,344 shares of common stock at a public offering price of $4.15 per share and warrant for aggregate gross proceeds of approximately $15.5 million, prior to deducting underwriting discounts, commissions, and other offering expenses and excluding any exercise of the underwriters’ option to purchase any additional securities as described herein.
And the company has granted the underwriters a 45-day option to purchase up to an additional 559,701 shares and 559,701 warrants at the public offering price less the underwriting discounts and commissions.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
