|Bid||2.6000 x 3100|
|Ask||2.7300 x 1200|
|Day's Range||2.4100 - 2.7000|
|52 Week Range||1.1000 - 4.9100|
|Beta (5Y Monthly)||1.06|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.50|
Eros STX Global Corporation (NYSE:EROS), or "The Company", announced on July 30, 2020 that its merger with STX Entertainment and $110 million of equity financing transactions had been completed. The Company issued a total of 35,135,334 of its A Ordinary Shares in the equity financings for total proceeds of $110,387,500, for an average price of $3.14 per Eros A Ordinary Share, which represents a 60% premium over the closing price of $1.96 for Eros A Ordinary Shares on April 16, 2020, the day before Eros publicly announced its entry into the Merger Agreement.
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Shares of Eros STX (NYSE: EROS) were falling on Friday after the company reported its full-year results for fiscal 2020. Eros STX was formerly called Eros International, but its named changed after completing its merger with STX Entertainment last night. The newly combined company got a cold welcome from investors.