One of the notable losers in the past month has been the Sow Good Inc (OTCMKTS:SOWG) stock, which has fallen about 43% during the period.
Despite the sharp fall in the stock, it should be noted that there has been no news about the company in the past month. In fact, the last time any news emerged about the company was back in July and it might be a good move from investors to perhaps take a look at it. Back on July 7 the company had announced that it had been successful in completing a private placement of its shares worth as mch as $3 million.
In this particular placement, the company offered a total of 714701 shares and it should be noted that all those shares had been newly issued. The shares were sold for $4.25 each and that worked out to a premium of as much as 6% from the price of the shares in the private placement that took place in 2020.
The Chief Financial Officer, Executive Chairman and Chief Executive Officer of the company were investors in the placement. Others included some accredited investors and some members of the Sow Good board.
