NexGen Energy Updated Its At-The-Market Equity Program To Offer And Sell Up To C$500M Of Common Shares From Treasury
Portfolio Pulse from Benzinga Newsdesk
NexGen Energy has updated its at-the-market equity program, allowing the company to offer and sell up to C$500 million worth of common shares directly from the treasury.
December 12, 2023 | 6:40 am
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NexGen Energy's updated at-the-market equity program could lead to the sale of up to C$500 million in common shares, potentially diluting current shareholders' value.
The announcement of NexGen Energy's updated at-the-market equity program indicates a potential increase in the number of outstanding shares, which could dilute the value of existing shares. This typically leads to a negative short-term impact on the stock price as investors adjust to the increased supply and potential dilution of earnings per share.
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