Organigram Files Preliminary Base Shelf Prospectus
Portfolio Pulse from Benzinga Newsdesk
Organigram Holdings Inc. has filed a preliminary base shelf prospectus. This will allow the company to make offerings of up to CAD 500 million of common shares, debt securities, subscription receipts, units, warrants, or any combination thereof, during the next 25 months.
September 26, 2023 | 6:30 am
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Organigram's filing of a preliminary base shelf prospectus could potentially dilute the value of existing shares if the company decides to issue more shares. However, it also provides the company with the flexibility to raise funds quickly when needed.
The filing of a base shelf prospectus allows Organigram to issue securities up to a certain value over a specified period. This could potentially dilute the value of existing shares if the company decides to issue more shares. However, it also provides the company with the flexibility to raise funds quickly when needed, which could be beneficial in the short term.
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