what does the new news on doc mean..it will go up?

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what is today’s doc (cloudmd) news meaning….thanks

like correcting over allotment or something

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Asked on March 12, 2021 8:19 am
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ok thanks for this

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Posted by Ayesha Ahmad
Answered on March 12, 2021 10:38 pm
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Hi there,

It just means that raised additional cash as part of the over-allotment of their bought-deal offering. Nothing to really move the share price either way but they do end up with more cash in the coffers as a result.

Mat

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Posted by Mathieu Litalien
Answered on March 12, 2021 11:44 am