Milestone Scientific Inc Files For Mixed Shelf Of Up To $45M
Portfolio Pulse from Benzinga Newsdesk
Milestone Scientific Inc has filed for a mixed shelf offering of up to $45 million, according to a SEC filing.
October 19, 2023 | 6:47 pm
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Milestone Scientific Inc's filing for a mixed shelf offering of up to $45 million could potentially dilute existing shares, impacting the stock price.
A mixed shelf offering allows a company to issue securities in the future. While it provides the company with flexibility to raise funds, it can lead to dilution of existing shares, which can negatively impact the stock price. Given the size of the offering relative to Milestone Scientific's market cap, the impact could be significant.
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