Notable Labs Files For Mixed Shelf Offering Of Up To $100M
Portfolio Pulse from Charles Gross
Notable Labs has filed for a mixed shelf offering of up to $100 million. The filing allows the company to sell securities in one or more separate offerings with the price, amount, and details to be determined at the time of each offering.
October 17, 2023 | 9:04 pm
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Notable Labs' filing for a mixed shelf offering of up to $100 million could potentially dilute existing shareholders' equity, which may negatively impact the stock price in the short term.
A mixed shelf offering allows a company to sell securities in one or more separate offerings. This could lead to dilution of existing shareholders' equity if new shares are issued, which could potentially lead to a decrease in the stock price. However, the actual impact will depend on the details of each offering, which are yet to be determined.
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