Meridian Corp. Files For $50M Mixed Securities Shelf
Portfolio Pulse from Benzinga Newsdesk
Meridian Corp. has filed for a $50 million mixed securities shelf offering, which allows the company to issue various types of securities over time.
May 22, 2024 | 8:38 pm
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Meridian Corp. has filed for a $50 million mixed securities shelf offering, which allows the company to issue various types of securities over time. This could lead to potential dilution of existing shares but also provides the company with flexibility to raise capital as needed.
The mixed securities shelf offering allows Meridian Corp. to issue different types of securities, which can be beneficial for raising capital. However, it may also lead to dilution of existing shares, balancing the potential positive and negative impacts on the stock price.
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