Tompkins Financial Filed For Up To $100M Stock Shelf - Sec Filing
Portfolio Pulse from Charles Gross
Tompkins Financial has filed for up to $100M stock shelf, according to a SEC filing.
August 07, 2023 | 9:28 pm
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NEGATIVE IMPACT
Tompkins Financial's filing for a $100M stock shelf could potentially dilute existing shares, impacting the stock price.
The filing for a $100M stock shelf means that Tompkins Financial is preparing to sell up to $100M worth of new shares. This could dilute the value of existing shares, potentially leading to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100