Energy Focus Said Selling Stockholders Offering On A Resale Basis An Aggregate Of 1.3M Issued & Outstanding Shares Of Common Stock
Portfolio Pulse from Charles Gross
Energy Focus is reportedly offering on a resale basis an aggregate of 1.3 million issued and outstanding shares of common stock.
July 11, 2023 | 9:31 pm
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Energy Focus is offering 1.3 million issued and outstanding shares of common stock on a resale basis. This could potentially dilute the value of existing shares.
The offering of 1.3 million shares on a resale basis by Energy Focus could potentially dilute the value of existing shares, leading to a decrease in the stock price. This is because the increase in the number of shares available in the market can reduce the value of each individual share.
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