CWD Stock Shot Up 49% Pre-Market Today – Here’s What Happened
Synopsis
The company finalized a $15.9 million securities deal with an institutional investor and also announced the launch of a new at-the-market equity program.
Shares of Caliber (CWD), a real estate and digital asset management platform provider, shot up over 49% in Wednesday’s premarket after the company finalized a $15.9 million securities deal with an institutional investor.
The company disclosed that it issued 15,868 shares of Series B preferred stock at $1,000 per share, securing gross proceeds of nearly $15.9 million. Separately, Caliber announced the launch of a new at-the-market (ATM) equity program.
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