Bridger Aerospace Announces $70M Proposed Public Follow-On Offering To Fund Growth Initiatives
Portfolio Pulse from Benzinga Newsdesk
Bridger Aerospace has announced a proposed public follow-on offering of $70 million to fund its growth initiatives.
October 17, 2023 | 8:22 pm
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Bridger Aerospace's proposed public follow-on offering could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
Follow-on offerings often lead to dilution of existing shareholders' equity, which can result in a decrease in the stock price. However, the funds raised will be used for growth initiatives, which could have positive long-term effects.
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