MultiMetaverse Holdings Files For Mixed Shelf Offering Of Up To $50M
Portfolio Pulse from Benzinga Newsdesk
MultiMetaverse Holdings has filed for a mixed shelf offering of up to $50 million, according to an SEC filing.
June 18, 2024 | 6:48 pm
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MultiMetaverse Holdings has filed for a mixed shelf offering of up to $50 million. This move could lead to potential dilution of existing shares, impacting the stock price in the short term.
The mixed shelf offering allows the company to issue various types of securities, which could dilute existing shares and potentially lead to a decrease in stock price. Investors may react negatively to the potential dilution.
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