TOMI Environmental Solutions Inc Files For Shelf Of Up To 2.08M Shares Of Common Stock By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
TOMI Environmental Solutions Inc has filed with the SEC to offer up to 2.08 million shares of common stock on behalf of selling stockholders.
December 26, 2023 | 9:09 pm
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TOMI Environmental Solutions Inc's shelf offering could lead to potential dilution of existing shares or indicate selling pressure from stockholders.
Shelf offerings often lead to dilution of existing shares, which can negatively impact the stock price in the short term. The filing indicates that stockholders are preparing to sell a significant number of shares, which could create selling pressure and drive the price down.
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