Micro Cap Soars After 2M Preferred Share Purchase Agreement

Micro Cap Soars After 2M Preferred Share Purchase Agreement

By: Dylan Sikes – AllPennyStocks.com News

Wednesday, January 31, 2024

Shares of a New Hampshire-based tech company absolutely dominated the first half of Wednesday’s session after it was announced that investor David e. lazar agreed to buy 2 million preferred shares of the provider of WiFi security software.

According to the release, each preferred share is convertible to 1.4 shares of common stock. 

Traders couldn’t get their hands on shares of Minim Inc. (Nasdaq:MINM) fast enough as they quickly pushed the price up to $5.5499/share (+118.50%) at the early session high.

Minim Inc is the creator of innovative internet access products that dependably connect people to the information they need and the people they love. The company delivers smart software-driven communications products under the Motorola brand. Its hardware products include cable modems, cable modem/routers, mobile broadband modems, wireless routers, MoCA adapters, and mesh home networking devices. Geographically, it generates nearly all of its revenue from North America.


Copyright © 2024 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Other Penny Stock Movers

Shares of Dual-Listed Lithium Firm Up After Announcing Quarterly Results
Will A Shifting U.S. Labor Market Cause the Fed to Cut Rates in 2024?
Firm Holds Strategic Conversation on Possible Acquisition in Short-Term Rental Market
Most Popular
FREE Newsletter
AllPennyStocks.com Favorites


Back to Top