The offering of up to 1.1 million shares by selling securityholders could increase the total number of shares outstanding, leading to dilution of existing shareholders' equity. This dilution often results in a negative perception among investors, potentially leading to a decrease in stock price as supply increases. Given the size of the offering relative to the company's market capitalization, this news is highly relevant and important for investors, with a high confidence level in the analysis based on typical market reactions to similar events.