Shore Bancshares Files For Mixed Shelf Offering Up To $175M
Portfolio Pulse from Benzinga Newsdesk
Shore Bancshares has filed for a mixed shelf offering of up to $175 million, according to an SEC filing. This move allows the company to issue various types of securities, including common stock, preferred stock, debt securities, and warrants, providing flexibility to raise capital as needed.
May 16, 2024 | 8:29 pm
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Shore Bancshares has filed for a mixed shelf offering of up to $175 million. This allows the company to issue various types of securities, providing flexibility to raise capital as needed.
The mixed shelf offering provides Shore Bancshares with the ability to raise capital through various securities, which can be beneficial for future growth and operations. However, the immediate impact on the stock price is neutral as it depends on how and when the securities are issued.
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