Green Giant Inc. Common Stock

GGE

Market cap $5.19M

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Green Giant (NASDAQ: GGE ) stock is falling hard on Monday after the real estate development company announced a proposed public share offering. Green Giant hasn't yet revealed any of the finer details of the public offering for GGE stock.

HANZHONG, China, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Green Giant Inc. (NASDAQ:GGE) ("GGE" or the "Company"), a real estate developer in China and operator of green energy business in the U.S. today announced that it has commenced a public offering of units, each consisting of one share of our common stock, $0.001 par value per share, one Class A common warrant to purchase one share of common stock and one Class B common warrant to purchase one share of common stock (the "Offering"). All of the shares of common stock and warrants and the shares of common stock underlying the warrants are being offered by the Company. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Penny stocks like Green Giant (GGE), Neximmune (NEXI), Altimmune (ALT), and Harbor Custom Development (HCDI) were among the best-performing companies in Wall Street on Friday. All of them jumped by more than 40% even as the Nasdaq 100 and S&P 500 indices pulled back.

Green Giant (NASDAQ: GGE ) stock is on the rise Friday after the real estate development company revealed its 2023 Equity Incentive Plan. That plan includes a registration statement for 8,360,000 shares of GGE stock.