Reported Earlier, Dynex Capital Prices $126M Public Offering Of 10.5M Common Share
Portfolio Pulse from Benzinga Newsdesk
Dynex Capital has priced a $126 million public offering of 10.5 million common shares, with an option for underwriters to purchase an additional 1.575 million shares. The offering is expected to close on June 7, 2024, subject to customary closing conditions.
June 06, 2024 | 6:15 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Dynex Capital has announced a $126 million public offering of 10.5 million common shares, with an option for underwriters to purchase an additional 1.575 million shares. The offering is expected to close on June 7, 2024, subject to customary closing conditions.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution of existing shares. The offering is substantial at $126 million, which could put downward pressure on the stock price until the market absorbs the new shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100