Paltalk Gains 5%; Closes 1.35 Mln Share Offering

Shares of communications software provider Paltalk, Inc. (PALT) are climbing more than 5% at $7.17.

Tuesday the company announced closing of its previously announced public offering of 1.35 million shares at $7.50 per share and full exercise of overallotment option.

Gross proceeds from the offering were $11.64 million.

PALT has traded in the range of $0.67- $15.20 during the last 52 weeks.

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