Why QuantumScape (QS) Stock Is Getting Hammered
Portfolio Pulse from Henry Khederian
QuantumScape Corp (NASDAQ:QS) shares dropped by 11.3% after the company announced a $300 million public offering of Class A common stock. The underwriters have a 30-day option to purchase up to an additional 5.6 million shares at the offering price. The offering is set to close on August 8. Evercore ISI and Morgan Stanley were joint lead book-running managers, with Goldman Sachs & Co. LLC and UBS Investment Bank as additional book-running managers.
August 04, 2023 | 3:32 pm
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QuantumScape's stock price fell after the announcement of a $300 million public offering of Class A common stock. This could indicate investor concern about potential dilution of shares.
The drop in QuantumScape's stock price following the announcement of a public offering suggests that investors may be concerned about the potential dilution of shares. This is a common reaction as public offerings often lead to a decrease in the value of existing shares.
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