Cadence Design Systems Files for Offering Of 1,740,931 Shares By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Cadence Design Systems has filed for an offering of 1,740,931 shares by selling stockholders.
June 05, 2024 | 8:37 pm
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Cadence Design Systems has filed for an offering of 1,740,931 shares by selling stockholders. This could lead to a short-term increase in supply of shares, potentially putting downward pressure on the stock price.
The offering of 1,740,931 shares by selling stockholders will increase the supply of shares in the market, which could lead to a short-term decrease in the stock price due to the dilution effect.
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