Splunk Inc. Announces May Offer And Resell, From Time To Time, Up To 12,799,822 Shares Of Our Common Stock
Portfolio Pulse from Benzinga Newsdesk
Splunk Inc. has announced that its selling stockholders may offer and resell up to 12,799,822 shares of common stock from time to time. The company itself is not offering any shares and will not receive any proceeds from these sales. The selling stockholders may also sell the shares through public or private transactions at market prices or at negotiated prices.
November 06, 2023 | 10:14 pm
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Splunk's stockholders may sell up to 12.8 million shares of common stock, potentially affecting the stock's price. The company will not benefit financially from these sales.
The potential sale of a large number of shares by Splunk's stockholders could increase the supply of the company's stock in the market, which may put downward pressure on the stock's price. As the company is not offering any shares and will not receive any proceeds from these sales, it will not benefit financially from these transactions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100