Zhongchao Inc Files For Mixed Shelf Of Up To $300M
Portfolio Pulse from Benzinga Newsdesk
Zhongchao Inc has filed for a mixed shelf offering of up to $300 million. This move allows the company to issue various types of securities, including common stock, preferred stock, debt securities, and warrants, over time.
May 23, 2024 | 8:46 pm
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Zhongchao Inc has filed for a mixed shelf offering of up to $300 million. This move allows the company to issue various types of securities, including common stock, preferred stock, debt securities, and warrants, over time.
The mixed shelf offering indicates that Zhongchao Inc may issue new securities, which could dilute existing shares and potentially put downward pressure on the stock price in the short term.
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