Reported Earlier, Abacus Life Prices $80M Public Offering Of 10M Common Stock At $8/Share
Portfolio Pulse from Benzinga Newsdesk
Abacus Life has priced a public offering of 10 million common stock shares at $8 per share, aiming to raise approximately $80 million. The proceeds will be used for operations, purchasing life settlement policies, and general corporate purposes.
June 21, 2024 | 6:38 am
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Abacus Life has announced a public offering of 10 million common stock shares at $8 per share, expected to raise $80 million. The funds will be used for operations, purchasing life settlement policies, and general corporate purposes.
The public offering will provide Abacus Life with significant capital to support its operations and business strategy. However, the dilution of shares may offset the positive impact of the capital raise, leading to a neutral short-term price impact.
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