Bitdeer Technologies Group Files For Shelf Offering Of Up To 23.6M Class A Ordinary Shares By Selling Stockholder
Portfolio Pulse from Benzinga Newsdesk
Bitdeer Technologies Group has filed for a shelf offering of up to 23.6 million Class A ordinary shares by a selling stockholder, according to an SEC filing.
June 07, 2024 | 8:05 pm
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Bitdeer Technologies Group has filed for a shelf offering of up to 23.6 million Class A ordinary shares by a selling stockholder. This could lead to increased supply of shares in the market, potentially putting downward pressure on the stock price in the short term.
The filing for a shelf offering indicates that a significant number of shares may enter the market, increasing supply. This typically leads to downward pressure on the stock price as the market adjusts to the higher availability of shares.
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