NiSource Announced Today It Has Established An "At-the-market" Equity Offering Program Under Which It May Sell Shares Having An Aggregate Gross Sales Price Of Up To $900M Through December 31, 2025
Portfolio Pulse from Benzinga Newsdesk
NiSource has initiated an 'at-the-market' equity offering program, allowing it to sell shares up to a total of $900M through the end of 2025. This strategic move could impact the company's stock liquidity and potentially dilute current shareholders' value.
February 22, 2024 | 12:40 pm
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NiSource's new equity offering program could increase stock liquidity but also poses a risk of diluting existing shareholders' value.
The announcement of an equity offering program typically leads to concerns about share dilution among investors, which can exert downward pressure on the stock price in the short term. However, the increased liquidity and potential for raising capital could be beneficial for NiSource's long-term growth strategies.
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