Eurodry Files For Mixed Shelf Of Up To $200M
Portfolio Pulse from Happy Mohamed
Eurodry Ltd. has filed for a mixed shelf offering of up to $200 million, according to Reuters.
July 14, 2023 | 8:30 pm
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Eurodry Ltd. has filed for a mixed shelf offering of up to $200 million. This could potentially dilute existing shares, putting downward pressure on the stock price in the short term.
A mixed shelf offering allows a company to issue various types of securities (stocks, bonds, etc.) over a certain period. While it provides the company with flexibility to raise capital, it can lead to dilution of existing shares, which can put downward pressure on the stock price in the short term.
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