Crescent Energy Company Announces Public Offering Of 10M Shares Of Class A Common Stock
Portfolio Pulse from Benzinga Newsdesk
Crescent Energy Company has announced a public offering of 10 million shares of its Class A common stock. The company has not disclosed the pricing details of the offering.
September 06, 2023 | 8:08 pm
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Crescent Energy's public offering of 10 million shares could dilute existing shareholders' equity, potentially leading to a short-term decrease in the stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a decrease in the stock price. However, the actual impact will depend on the pricing details of the offering, which have not been disclosed yet.
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