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  5. PRL: Propel just dropped about 10% after announcing an acquisition of Stagemount, despite saying the acquisition would be accretive in 2024 and 2025. [Propel Holdings Inc.]

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Q: Propel just dropped about 10% after announcing an acquisition of Stagemount, despite saying the acquisition would be accretive in 2024 and 2025. What do you think of this acquisition? Is there something I am missing?
Asked by arnold on September 27, 2024
5i Research Answer:
The bought deal offering in conjunction with the acquisition is likely what is weighing on...
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