NextDecade Files For Offering Of 44.9M Shares Of Common Stock For Sale By The Selling Stockholder
Portfolio Pulse from Benzinga Newsdesk
NextDecade Corporation has filed with the SEC for an offering of 44.9 million shares of common stock. These shares are to be sold by a selling stockholder, according to the SEC filing.
December 13, 2023 | 9:28 pm
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NextDecade Corporation's SEC filing for a 44.9 million share offering by a selling stockholder could dilute existing shares or reflect a large shareholder exiting, potentially impacting the stock price negatively in the short term.
The offering of a large number of shares by a selling stockholder often leads to concerns about share dilution or a major investor exiting, which can cause downward pressure on the stock price in the short term. The market may react negatively to this news, especially if the offering is at a discount to the current market price or if it suggests a lack of confidence by the selling stockholder.
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