2.56% +0.02

BYND Cannasoft Enterprises Inc (BCAN)

Overview News Price History Why BCAN Down? Discussions Forecast

Why is BYND Cannasoft Enterprises Inc (BCAN) Stock down?

We've noticed a 8.53% decline in BYND Cannasoft Enterprises Inc (BCAN) stock during the 2024-05-10 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

19 Dec, 2023:

Shares of BYND Cannasoft Enterprises Inc (BCAN) dropped by 46.96% from $0.69 to $0.366 in the trading on Tuesday, December 19, 2023. The reason why BCAN down today is due to a registered direct offering with an institutional investor. This offering involves the sale of approximately $1.5 million worth of Common Shares and investor warrants at $0.52 per Common Unit. Offering Details

The offering includes 2,884,616 Common Units, each consisting of one Common Share and one Common Warrant, exercisable at $0.52 per share.
Gross proceeds are expected to be around $1.5 million.
The transaction is set to close on or about December 21, 2023.
BCAN intends to use the net proceeds, combined with existing cash, for general corporate purposes and working capital.