Paul T. Dacier, a big shareholder of Rain Enhancement Applied sciences Holdco, Inc. (NASDAQ:RAIN), has acquired 8,782 shares of the corporate’s Class A typical inventory. The shares have been bought at roughly $11.39 every, totaling round $100,026. The micro-cap firm, at present valued at $3.97 million, has seen its inventory surge over 430% prior to now yr. In keeping with InvestingPro evaluation, the inventory seems overvalued at present ranges, with a Honest Monetary Well being Rating of two.27. This transaction was accomplished as a part of a personal placement linked to a enterprise mixture involving Coliseum Acquisition Corp. and Rain Enhancement Applied sciences, Inc. Following this acquisition, Dacier holds a complete of 1,848,104 shares not directly by means of Rainwater LLC. Need deeper insights into RAIN’s valuation and insider buying and selling patterns? InvestingPro subscribers get entry to unique monetary metrics and real-time alerts on insider transactions.
This text was generated with the help of AI and reviewed by an editor. For extra info see our T&C.
(Bloomberg) -- Provide Traces is a day by day publication that tracks world commerce. Join…
Photograph: Jim Allen - FreightWaves Chart of the Week: Metropolis Outbound Tender Quantity Index, Lengthy Outbound…
Unwary travellers coming back from the EU threat having their sandwiches and native delicacies, reminiscent…
(Bloomberg) -- President Donald Trump would put the credibility of the greenback on the road…
(Bloomberg) -- Till lately, oil merchants complained that it was nearly unimaginable to wring income…
(Bloomberg) -- Till just lately, oil merchants complained that it was nearly inconceivable to wring…