iSun Inc Files For Offering Of Up To 10.96M Shares Of Common Stock By The Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
iSun Inc has filed for an offering of up to 10.96 million shares of common stock by the selling stockholders. The news was reported by Reuters.
September 08, 2023 | 8:13 pm
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iSun Inc's filing for an offering of up to 10.96 million shares could potentially dilute the value of existing shares, which may negatively impact the stock price in the short term.
The offering of new shares by iSun Inc could lead to dilution of the value of existing shares. This is because the total number of shares in circulation will increase, potentially reducing the value of each individual share. As a result, this could lead to a decrease in the stock price in the short term.
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