Groupon Plans To Raise Approximately $100M Between Fully Backstopped Equity Rights Offering And Non-core Asset Sales
Portfolio Pulse from Benzinga Newsdesk
Groupon (GRPN) plans to raise approximately $100 million through a fully backstopped equity rights offering and non-core asset sales.
November 09, 2023 | 9:17 pm
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POSITIVE IMPACT
Groupon's plan to raise $100M through equity rights offering and asset sales could potentially strengthen its financial position.
Groupon's plan to raise funds could potentially improve its financial health, which may be viewed positively by investors. This could lead to an increase in the company's stock price in the short term.
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