Hitek Global May Offer To Sell From Time To Time, Class A Ordinary Shares Of Up To $120M
Portfolio Pulse from Benzinga Newsdesk
Hitek Global has filed with the SEC to potentially offer and sell Class A ordinary shares worth up to $120 million.
May 16, 2024 | 8:49 pm
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Hitek Global has filed with the SEC to potentially offer and sell Class A ordinary shares worth up to $120 million. This could lead to dilution of existing shares and impact the stock price.
The potential offering of up to $120 million in Class A ordinary shares could dilute the value of existing shares, leading to a likely short-term decrease in stock price.
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