Skyward Specialty Insurance Says Westaim Is Offering 3.85M Shares Of Company's Common Stock In Public Offering
Portfolio Pulse from Benzinga Newsdesk
Westaim Corporation is offering 3.85 million shares of Skyward Specialty Insurance's common stock in a public offering. Other stockholders have granted underwriters a 30-day option to purchase up to an additional 577,500 shares.
June 05, 2023 | 9:02 pm
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Skyward Specialty Insurance's common stock is being offered by Westaim Corporation in a public offering of 3.85 million shares, with a 30-day option for underwriters to purchase up to 577,500 additional shares.
The public offering of Skyward Specialty Insurance's common stock by Westaim Corporation will increase the stock's liquidity and potentially attract new investors. However, the short-term impact on the stock price is uncertain, as it depends on the demand for the shares and the market's reaction to the offering. Therefore, the score is neutral (0) with high relevance (100), importance (80), and confidence (90).
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100