SilverBow Resources Prices Upsized Public Offering Of 4M Common Shares At $37/Share
Portfolio Pulse from Benzinga Newsdesk
SilverBow Resources has priced an upsized public offering of 4 million common shares at $37 per share.
September 14, 2023 | 6:13 am
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SilverBow Resources has announced an upsized public offering of 4 million shares at $37 per share, which may dilute existing shareholders' equity.
The upsized public offering could lead to dilution of existing shareholders' equity, which may negatively impact the stock price in the short term. However, the funds raised could be used for future growth, which could have a positive impact in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100