Noco-Noco Inc Files For Offering Of Up To 33M Ordinary Shares By Selling Securityholder
Portfolio Pulse from Benzinga Newsdesk
Noco-Noco Inc has filed for an offering of up to 33 million ordinary shares by a selling security holder, according to a SEC filing.
September 19, 2023 | 1:26 pm
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Noco-Noco Inc's filing for an offering of up to 33 million shares could potentially dilute the value of existing shares.
The offering of new shares by Noco-Noco 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 earnings per share if the company's profits remain constant. This could lead to a decrease in the stock price in the short term.
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