Skillful Craftsman Education Technology slips on mixed shelf offering
14/09/2021 12:52
** Shares of China-based online vocational education service
provider EDTK.O down 8.1% at $1.48 premarket
** Stock eyes worst day in nearly a month, if losses hold
** Co files for mixed shelf offering of up to $95 mln, which
could be in the form of ordinary shares, preferred shares,
warrants, subscription rights, and combination of all (https://bit.ly/2XikMmm)
** In addition, two selling shareholders may offer and sell
from time to time up to 2.9 mln shares in public or private
transactions, or both at fixed prices, at market prices, or at
negotiated prices
** Co will not receive any proceeds from the sale of the
securities by the selling shareholders
** EDTK has 12 mln shares outstanding worth $19.32 mln, per
Refinitiv data
** As of last close, stock had fallen 47.6% YTD
(Reporting by Devik Jain in Bengaluru)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))