Energy Focus Filed For Shelf Of Up To 8.9M Shares Of Common Stock Shares By Selling Stockholders
Portfolio Pulse from Charles Gross
Energy Focus has filed for a shelf offering of up to 8.9 million shares of common stock by selling stockholders.
June 12, 2023 | 8:49 pm
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Energy Focus filed for a shelf offering of up to 8.9 million shares of common stock by selling stockholders, which may impact its stock price.
The filing for a shelf offering of up to 8.9 million shares by selling stockholders may lead to an increase in the supply of EFOI shares in the market. This could potentially put downward pressure on the stock price in the short term, as the market absorbs the additional shares.
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