Intchains Group Files For Mixed Shelf Offering Of Up To $300M
Portfolio Pulse from Benzinga Newsdesk
Intchains Group 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 31, 2024 | 8:15 pm
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Intchains Group has filed for a mixed shelf offering of up to $300 million, which allows the company to issue different types of securities over time. This could lead to potential dilution of existing shares and impact the stock price.
The mixed shelf offering allows Intchains Group to issue various securities, which could dilute existing shares and put downward pressure on the stock price in the short term.
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