Banxa Holdings Inc V.BNXA

Offering

[Averagewhiteguy]

https://www.newswire.ca/fr/news-releases/banxa-announces-overnight-marketed-private-placement-865514790.html

[Vancity1]

This is ok for us, I think the company investing the 10mil got a steal of a deal but this helps Banxa with capital to help us grow and only slightly dilutes us without borrowing debt. This is a perk of a small float and these shares should be locked for a certain time. 

[Urbani]

From what I just heard... BNXA did not need the money, but it was offered to them... thus the General purposes raise... Not working capital or additional work required... Some larger Whales that are going to buy a lot on the market, wanted shares they can not get in the public float... Simple as that... BNXA does not need the cash as you can see in the press release... BNXA is making a lot of

[Adwari]

Will this public offering at $4.00 cause a pull-back on the current share price 

[Highlow6969]

Possibly, but it'll be short term. Shake out some weak hands . 

[Urbani]

Price has been protected and this is institutional, so the retail folk like us are not part of this ... They can not buy the shares they want on the open market now without it going to high .... So why would the share price fall Wed morning ??? This is basically a bought deal ... I know it says April 8th or before closing, but truthfully it takes the back room offices over two weeks to process

[Order66]

if you look back to Voyager deal with Stifel, Voyager had a pullback for about a week then went from $4 to $15 within a month. I feel any pullback would be misguided. I think it's also a show of strength for news to come regarding March numbers. Stifel would have wanted to get this deal done as early as possible before share price takes off. Banxa may use proceeds for debt payoff as well as

[Averagewhiteguy]

Possible NASDAQ listing soon 

[sirmevl]

What ia stifle and why is there investment a good sign ?  I understand they need capital but what's the correlation with this investment and previous wins in this industry ?

[Order66]

Sorry, I misspelled the company's name. It's Stifel. They'll likely initiate analyst coverage on Banxa as a result of the deal - a positive in my eyes. I haven't compiled a correlation of success for Stifel as they were founded in 1890 but thought the voyager example was relevant given its recency and comparable industry. For your own dd, Stifel's website can be found here