Reliance Global Group Commences An Underwritten Public Offering
Portfolio Pulse from Benzinga Newsdesk
Reliance Global Group has initiated an underwritten public offering to raise funds for working capital and general corporate purposes.
November 20, 2023 | 9:17 pm
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NEGATIVE IMPACT
Reliance Global Group is conducting a public offering to secure funds for working capital and other corporate needs.
Public offerings often lead to short-term stock price declines due to the potential dilution of existing shares. Investors may react negatively in the short term, concerned about the dilutive effect on their holdings.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100