Reported Earlier, Runway Growth Finance Prices Secondary Offering Of 3.75M Common Stock By Selling Stockholder At $11.50/Share
Portfolio Pulse from Benzinga Newsdesk
Runway Growth Finance Corp announced the pricing of a secondary offering of 3.75M shares by OCM Growth Holdings LLC at $11.50/share.
May 10, 2024 | 7:05 am
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Runway Growth Finance Corp's secondary offering of 3.75M shares by OCM Growth Holdings LLC at $11.50/share could dilute existing shareholders but may also provide capital for growth.
Secondary offerings can lead to dilution of existing shares, potentially putting downward pressure on the stock price. However, the capital raised can be used for growth initiatives, which might positively impact the company's long-term value.
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