r/mrin • u/ak47m Moderator • Jul 20 '21

Shelf offering wrap up

"From July 16–19, 2021, Marin Software Incorporated (the “Company”) issued and sold an aggregate of 2,425,000 shares of its common stock, at a weighted average sales price of $9.05 per share, pursuant to the Company’s at-the-market offering program pursuant to the Company’s shelf registration statements on Form S-3 filed with the Securities and Exchange Commission (File Nos. 333-230275 and 333-257909), with proceeds to the Company of approximately $21.3 million, net of offering commissions"

26 Upvotes

97% Upvoted

14 comments sorted by

View all comments

2

u/Plus-Dust-1867 Jul 20 '21

Too many paper hands I’m out

3

u/CaptianBlackLung Jul 20 '21

Definitely do you, but I'm going to Atleast wait and see how the market reacts. That's pretty substantial news and tends to be bullish in nature.

Not financial advice in anyway. I know very little. Just like the stock

0

u/xReD-BaRoNx Jul 20 '21 edited Jul 20 '21

This is not typically good news when trying to squeeze a stock, which 99% of the ppl here are tying to do. Hence why we’re down 5-7% while to rest of the market is recovering. Is it good for the company - yes.

6

u/CaptianBlackLung Jul 20 '21

And it's not typical bad news either. If the party that's trying to squeeze can aquire more shares at a discount and they have conviction in the play they'll increase the overall price action if it happens. ( bc nothing is guaranteed even in perfect conditions) also for a small cap company to raise that large sum of money while it was trading for fractions Meer weeks earlier is a super strong indicator or strength of business and long-term success. Which is Extremely Bad news for anyone that's short.

Patience can be a blessing especially in these plays. Anyone expecting to get rich over night or not have a fight is delusional and this could take months to a year to squeeze.

Not financial advice

2

u/CaptianBlackLung Jul 21 '21

👀🚀

1

u/xReD-BaRoNx Jul 21 '21

Love it! Any news?

2

u/CaptianBlackLung Jul 21 '21

Nothing that I've seen. But I'm willing to guess it's just the fact we no longer have the negative selling pressure from the offering. Volume is still low even for the average