First Busey Corp Files For Mixed Shelf; Size Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
First Busey Corp has filed for a mixed shelf offering, according to a SEC filing. The size of the offering has not been disclosed.

September 21, 2023 | 8:21 pm
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First Busey Corp's filing for a mixed shelf offering could potentially dilute existing shares, depending on the size and pricing of the offering.
A mixed shelf offering allows a company to issue various types of securities, such as common stock, preferred stock, debt securities, etc. The impact on the stock price depends on the size and pricing of the offering. If the offering is large and priced below the current market price, it could dilute existing shares and put downward pressure on the stock price.
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