Polestar Files For Mixed Shelf Of Up To $1B
Portfolio Pulse from Benzinga Newsdesk
Polestar, a Swedish electric vehicle manufacturer, has filed for a mixed shelf offering of up to $1 billion, according to an SEC filing.
October 10, 2023 | 8:34 pm
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Polestar's filing for a mixed shelf offering of up to $1 billion could potentially dilute the value of existing shares, impacting the stock price of PSNY.
A mixed shelf offering allows a company to issue various types of securities, such as stocks and bonds, over a certain period. This could lead to dilution of existing shares, potentially causing a drop in the stock price. Given that Polestar is directly linked to PSNY, this news is highly relevant and important for PSNY investors.
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