Performant Financial Corp (NASDAQ:PFMT) Announces New Stock Offerings: Stock Falls

August 19, 2021

On Thursday, Performant Financial Corp (NASDAQ:PFMT) made a key announcement with regards to its capital raising efforts but the announcement did not impress investors. The Performance Financial stock tanked by as much as 10% yesterday after the company announced the pricing of its public stock offering. The company announced that it will offer as many as 10.525 million shares of its common stock for a price of $3.80 each. However,…

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