Bridger Aerospace Group Holdings Inc Files For Offering Of Up To $70M Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Bridger Aerospace Group Holdings Inc has filed for an offering of up to $70 million shares of common stock, according to a Reuters report citing the filing.
October 17, 2023 | 8:19 pm
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Bridger Aerospace Group's filing for a $70 million common stock offering could potentially dilute existing shareholders' equity.
The offering of new shares by Bridger Aerospace Group could lead to dilution of existing shareholders' equity. This is because the number of shares outstanding will increase, potentially reducing the value of existing shares. This could lead to a short-term negative impact on the stock price.
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