TEUM Did a Stock offering at a 1.76$ Raised 40 Million in cash paid off ALL DEBT Trading at 38 Cents now 30 short days later those that took part in the stock offering have taken a BEATING to say the least they have seen nearly there entire investment wiped out in 30 days
Pareteum (NASDAQ:TEUM) prices a $40M registered direct public offering. The offering includes 18.85M common stock units, which bundle one common stock share and one purchase warrant. TEUM plans to use about $30M of the net proceeds to pay down outstanding debt. TEUM shares are down 8.7% pre-market to $1.68.