1847 Holdings shares are trading lower after the company announced an offering of up to 2,673,797 shares at a price of $1.87 per share.
Portfolio Pulse from Benzinga Newsdesk
1847 Holdings' stock price has declined following the announcement of a share offering of up to 2,673,797 shares at $1.87 each.
January 25, 2024 | 8:17 pm
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1847 Holdings (EFSH) announced a share offering of up to 2,673,797 shares at $1.87 per share, leading to a decline in its stock price.
The announcement of a new share offering typically dilutes the value of existing shares, which can lead to a decrease in stock price. Given the size of the offering relative to the company, this is likely to have a significant impact on the stock price in the short term.
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IMPORTANCE 85
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