Fluence Energy Announces Secondary Offering Of 18M Class A Common Stock Shares By Existing Controlling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Fluence Energy, under the ticker FLNC, has announced a secondary offering of 18 million Class A common stock shares. This offering will be made by existing controlling stockholders, not by the company itself. As a result, the company will not receive any proceeds from the sale of these shares.
December 05, 2023 | 9:20 pm
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Existing controlling stockholders of Fluence Energy are offering 18 million Class A common stock shares in a secondary offering. Fluence Energy will not receive any proceeds from this offering.
Secondary offerings often lead to a dilution of existing shares, which can result in downward pressure on the stock price in the short term. Although the company is not issuing new shares and will not receive proceeds, the increase in available shares for sale may negatively impact investor sentiment and the stock price.
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