RE:RE:RE:RE:Current Insider Holdings & ASDP Cancelled Aww, good catch Jay. I was remembering an older article from 2017 and with a quote from Tal Hayek:
We have seen an overwhelming positive response from the previously announced offering and are faced with an opportunity to provide additional liquidity to the market,” said Tal Hayek , CEO of AcuityAds. “In order to support this demand without creating any unnecessary shareholder dilution, three of our four founders have elected to release a total of 1 million shares as part of the bought-private placement.”
I believe they want to pay themselves first and they wanted more liquidity to prepare for their Nasdaq listing. I believe liquidity was an issue in the past and as a long time shareholder nobody cared about the company when it was trading at a $1.
https://www.acuityads.com/press/acuityads-announces-increase-previously-announced-offering-10-2-million-secondary-offering-1-0-million-shares/