Elf Beauty Filed For Offering Of 577,659 Shares Of Common Stock By Selling Stockholders
Portfolio Pulse from Charles Gross
Elf Beauty has filed for an offering of 577,659 shares of common stock by selling stockholders. The filing was made with the SEC.
October 05, 2023 | 10:10 am
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Elf Beauty's filing for an offering of 577,659 shares of common stock could potentially dilute existing shareholders' equity.
The offering of new shares by Elf Beauty could dilute the equity of existing shareholders, potentially leading to a decrease in the stock price. This is because the number of outstanding shares increases, while the company's net income remains the same, leading to a decrease in earnings per share.
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