Smith Micro Software Inc Files For Shelf Of Up To 17.1M Shares Of Common Stock By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Smith Micro Software Inc (SMSI) has filed for a shelf offering of up to 17.1 million shares of common stock by selling stockholders, according to an SEC filing.
June 22, 2023 | 8:15 pm
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SMSI filed for a shelf offering of up to 17.1 million shares by selling stockholders, which may lead to short-term selling pressure.
The shelf offering of 17.1 million shares by selling stockholders may lead to an increase in the supply of SMSI shares in the market, potentially causing short-term selling pressure and a decrease in the stock price.
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