Roma Green Finance Files For Offering In A Best Efforts Self-Underwritten Offering Of Up To 3.6M Of Ordinary Shares
Portfolio Pulse from Benzinga Newsdesk
Roma Green Finance has filed for a best efforts self-underwritten offering of up to 3.6 million ordinary shares, according to an SEC filing.
June 07, 2024 | 9:24 pm
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Roma Green Finance has filed for a best efforts self-underwritten offering of up to 3.6 million ordinary shares. This move could lead to dilution of existing shares and may impact the stock price negatively in the short term.
The offering of new shares typically leads to dilution of existing shares, which can negatively impact the stock price in the short term. Investors may react to the increased supply of shares and potential dilution of their holdings.
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