Gevo shares are trading lower after the company filed for a mixed shelf offering of up to $750 million.
Portfolio Pulse from Benzinga Newsdesk
Gevo Inc. has filed for a mixed shelf offering allowing the company to sell up to $750 million in various securities, which has led to its shares trading lower.
January 16, 2024 | 6:46 pm
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Gevo's stock is trading lower following the announcement of a mixed shelf offering of up to $750 million, which could lead to dilution of existing shares.
The filing for a mixed shelf offering often leads to the stock trading lower due to the potential dilution of existing shares. Investors may be concerned about the impact on share value and earnings per share, which can lead to a negative short-term impact on the stock price.
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