Genius Sports Announces Pricing Of Secondary Offering Of 20M Shares At $5.35/Share By Selling Shareholder
Portfolio Pulse from Benzinga Newsdesk
Genius Sports has announced the pricing of a secondary offering of 20 million shares at $5.35 per share by a selling shareholder.
September 14, 2023 | 2:01 pm
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NEGATIVE IMPACT
Genius Sports' secondary offering of 20 million shares at $5.35 per share could potentially dilute the value of existing shares.
Secondary offerings often lead to dilution of existing shares as the number of shares in circulation increases. This could potentially lead to a decrease in the stock price of GENI in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100