One Gas Announces Public Offering Of 1.2M Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
One Gas has announced a public offering of 1.2 million shares of its common stock.
September 11, 2023 | 8:43 pm
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One Gas's public offering of 1.2 million shares could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a decrease in the stock's price. Given that One Gas is directly issuing 1.2 million shares, this could potentially lead to a short-term decrease in its stock price.
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