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The latest announcement is out from Ostin Technology Group Co., Ltd. ( (OST) ).
On November 18, 2024, Ostin Technology Group Co., Ltd. entered into a securities purchase agreement with Strattners Bank SA for the sale of 1,623,376 Class A ordinary shares, priced at $0.1848 per share, amassing a total of $300,000. This sale was conducted at a 30% discount from the average closing price over the preceding ten days, and although the shares were delivered on December 5, 2024, Ostin Technology has only realized $60,000 in gross proceeds. This transaction could affect Ostin Technology’s financial position and shareholder value, reflecting strategic financial maneuvers in a competitive market landscape.
More about Ostin Technology Group Co., Ltd.
Ostin Technology Group Co., Ltd. operates in the technology sector, focusing on the design and manufacture of display modules and polarizers. The company primarily serves the consumer electronics market, providing components essential for devices such as smartphones and tablets.
YTD Price Performance: -2.16%
Average Trading Volume: 464,777
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.61M
For detailed information about OST stock, go to TipRanks’ Stock Analysis page.
