NuZee Commences Firm Commitment Underwritten Public Offering Of Its Common Stock; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
NuZee has commenced a firm commitment underwritten public offering of its common stock. All of the shares are being offered by NuZee itself, however, the terms of the offering have not been disclosed.
October 17, 2023 | 8:23 pm
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NuZee's decision to offer its common stock could potentially dilute existing shares, which may lead to a short-term decrease in stock price.
When a company issues more shares, it can dilute the value of existing shares. This is because the earnings per share (EPS) decrease as the number of shares increase. As a result, the stock price may decrease in the short term. However, the actual impact will depend on the terms of the offering, which have not been disclosed.
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