OMNIQ Corp. Announces Proposed Public Offering Of Common Stock; No Size Or Amount Disclosed
Portfolio Pulse from Benzinga Newsdesk
OMNIQ Corp. (NASDAQ:OMQS) has announced its intention to sell shares of its common stock in an underwritten public offering. The size and amount of the offering have not been disclosed. The company plans to use the net proceeds from the offering primarily for working capital and general corporate purposes. ThinkEquity is acting as the sole book-running manager for the offering.
October 05, 2023 | 8:00 pm
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OMNIQ Corp.'s announcement of a public offering of its common stock could potentially dilute existing shareholders' equity, which may lead to a short-term decrease in the stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a decrease in the stock price. However, the impact will depend on the size and terms of the offering, which have not been disclosed yet.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100