Old Second Bancorp Files For Mixed Shelf Of Up To $200M
Portfolio Pulse from Benzinga Newsdesk
Old Second Bancorp has filed for a mixed shelf offering of up to $200 million, according to an SEC filing.
August 18, 2023 | 5:49 pm
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Old Second Bancorp's filing for a mixed shelf offering of up to $200 million could potentially dilute existing shares, impacting the stock price.
A mixed shelf offering allows a company to issue multiple types of securities, such as stocks and bonds, up to a certain value. This could lead to dilution of existing shares if the company decides to issue more shares, which could negatively impact the stock price in the short term.
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