Velocity Financial Entered Into Separate Equity Distribution Agreements With Each Of BTIG, LLC And Virtu Americas LLC; Under Agreements, Co May Sell, From Time To Time, Shares Of Co's Common Stock With Offering Price Of Up To $50M
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Velocity Financial has announced entering into equity distribution agreements with BTIG, LLC and Virtu Americas LLC, allowing the sale of up to $50M of its common stock over time, according to an SEC filing.
May 03, 2024 | 10:45 pm
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Velocity Financial has entered into agreements with BTIG, LLC and Virtu Americas LLC for the sale of up to $50M of its common stock, as per an SEC filing.
The announcement of these equity distribution agreements indicates a potential increase in liquidity and capital for Velocity Financial, which could be positive for the company's financial health and future growth initiatives. However, the potential dilution of existing shares might concern current shareholders, creating a neutral short-term impact on the stock price.
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