Charles & Colvard Ltd. Files For Mixed Shelf Offering Of Up To $25M
Portfolio Pulse from Benzinga Newsdesk
Charles & Colvard Ltd. has filed for a mixed shelf offering of up to $25 million.
May 31, 2024 | 8:25 pm
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Charles & Colvard Ltd. has filed for a mixed shelf offering of up to $25 million, which could lead to potential dilution of existing shares.
The mixed shelf offering allows the company to issue new shares or debt, which could dilute the value of existing shares. This is generally viewed negatively by investors in the short term.
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