One Liberty Properties Inc Entered Into An Equity Distribution Agreement, The Sales Agreement, With B. Riley Securities, Inc; Relates To Offer And Sale Shares Of Common Stock Of Up To $50M From Time To Time Through Or To Sales Agent
Portfolio Pulse from Benzinga Newsdesk
One Liberty Properties Inc has entered into an equity distribution agreement with B. Riley Securities, Inc. The agreement relates to the offer and sale of shares of common stock of up to $50M from time to time through or to the sales agent.
September 21, 2023 | 8:55 pm
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One Liberty Properties Inc's new equity distribution agreement with B. Riley Securities, Inc could lead to increased liquidity and potential dilution of shares.
The agreement allows One Liberty Properties to sell up to $50M of its common stock through B. Riley Securities. This could increase the company's liquidity, providing it with more resources for growth and investment. However, it could also lead to dilution of existing shares, which may negatively impact the stock's price in the short term.
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