Transcat Prices $70M Public Offering Of 736,845 Shares Of Its Common Stock At $95/Share
Portfolio Pulse from Benzinga Newsdesk
Transcat has priced its public offering of 736,845 shares of its common stock at $95 per share, raising $70 million.
September 21, 2023 | 12:06 pm
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Transcat's public offering of 736,845 shares at $95 per share could potentially dilute existing shareholders' equity.
The public offering of new shares by Transcat could dilute the equity of existing shareholders, potentially leading to a decrease in the stock price in the short term. However, the raised capital could be used for beneficial corporate activities, which might offset the dilution effect in the long run.
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