Skyward Specialty Commences Follow-On Offering Of 2.15M Shares Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
Skyward Specialty Insurance Group Inc. has initiated a follow-on offering of 2.15 million shares of its common stock. This move could potentially dilute existing shareholders' equity and affect the stock's price.
November 13, 2023 | 9:36 pm
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Skyward Specialty Insurance Group Inc.'s follow-on offering of 2.15 million shares may lead to dilution of existing shares and could negatively impact the stock price in the short term.
Follow-on offerings often result in dilution of existing shares, which can lead to a decrease in stock price as the market adjusts to the increased number of shares available. The direct mention of the company and the specific number of shares being offered make this news highly relevant and important to current and potential investors in SKWD.
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