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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100