Trico Bancshares Files For Mixed Shelf; Size Not Disclosed
Portfolio Pulse from Happy Mohamed
Trico Bancshares has filed for a mixed shelf offering with the SEC, but the size of the offering has not been disclosed.

June 01, 2023 | 8:21 pm
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Trico Bancshares (TCBK) filed for a mixed shelf offering, potentially impacting its stock price in the short term.
Trico Bancshares has filed for a mixed shelf offering, which allows the company to issue various types of securities over a specified period. The size of the offering has not been disclosed, making it difficult to predict the exact impact on the stock price. However, mixed shelf offerings can lead to dilution of existing shares, which may negatively affect the stock price. On the other hand, the additional capital raised could be used for growth opportunities, potentially benefiting the stock price. Due to the uncertainty surrounding the size and use of proceeds, the short-term impact on TCBK's stock price is neutral.
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