Presto Automation Inc Files For Mixed Shelf Of Up To $75M
Portfolio Pulse from Benzinga Newsdesk
Presto Automation Inc has filed for a mixed shelf offering of up to $75 million, according to a SEC filing.

October 20, 2023 | 8:15 pm
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Presto Automation's filing for a mixed shelf offering of up to $75 million could potentially dilute existing shareholders' equity.
A mixed shelf offering allows a company to issue various types of securities, such as stocks, bonds, or other forms of investment. While this can provide the company with needed capital, it can also lead to dilution of existing shareholders' equity, which could potentially lead to a decrease in the stock price.
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