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Why Shares of Pareteum Are Down Today

TheMotleyFool

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Why Shares of Pareteum Are Down TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Shares of Pareteum (NASDAQ: TEUM) fell more than 15% on Monday morning after the cloud-communications platform company amended its credit agreement. The deal gives the company access to $2.5 million, but it also threatens to dilute existing shareholders.

In a statement announcing the amendment to its credit agreement with senior secured lender Post Road Group, Pareteum CEO Hal Turner said the deal "puts the company on a firm footing for our ambitious growth strategies."

Image source: Getty Images.

Source Fool.com

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