J. Jill Announces Offering Of 6M Shares And Up To 8.5M Shares By Selling Stockholder
Portfolio Pulse from Benzinga Newsdesk
J. Jill has announced an offering of 6 million shares, with an additional 8.5 million shares being offered by a selling stockholder, according to an SEC filing.
September 15, 2023 | 8:24 pm
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NEGATIVE IMPACT
J. Jill's stock may be impacted by the announced offering of 6 million shares and an additional 8.5 million shares by a selling stockholder.
The announcement of a large number of shares being offered can often lead to a decrease in the stock's price due to dilution of existing shares. The impact is likely to be significant given the size of the offering.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100