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Neighborhood Intelligence Announces Reduction Of Offering Program To $75M From $200M
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- benzinga
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Neighborhood Intelligence shares are trading lower after announcing a 16.49 million share registered direct offering at $2.76 per share, despite plans to cut its ATM facility to about $75 million and citing improving revenue, margins, and cost savings.
Neighborhood Intelligence Intends To Reduce Size Of At-The-Market Equity Offering Facility By More Than Half, From $200M To ~$75M