Penns Woods Bancorp Inc Files For Mixed Shelf Of Up To $85M
Portfolio Pulse from Happy Mohamed
Penns Woods Bancorp Inc has filed for a mixed shelf of up to $85 million, according to a SEC filing.
June 29, 2023 | 8:12 pm
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Penns Woods Bancorp Inc's filing for a mixed shelf of up to $85 million could potentially dilute existing shares.
A mixed shelf offering allows a company to issue multiple types of securities (stocks, bonds, etc.) from the same offering. This could potentially dilute the value of existing shares, leading to a negative short-term impact on the stock price.
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