MicroStrategy May Issue And Sell Shares Of Its Class A Common Stock Having Offering Price Of Up To $750M
Portfolio Pulse from Benzinga Newsdesk
MicroStrategy has filed with the SEC to potentially issue and sell shares of its Class A common stock, with an offering price of up to $750 million.
November 30, 2023 | 1:54 pm
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MicroStrategy's SEC filing indicates a potential sale of Class A common stock worth up to $750 million, which may dilute current shareholders' equity.
The announcement of a potential stock offering of up to $750 million could lead to dilution of existing shares, which typically puts downward pressure on the stock price in the short term due to the increase in supply of shares.
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