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Why Shares of Pareteum Are Down Today

TheMotleyFool

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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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