Iteris Files For $150M Mixed Securities Shelf Offering
Portfolio Pulse from Benzinga Newsdesk
Iteris has filed for a $150 million mixed securities shelf offering. This move allows the company to issue various types of securities, including common stock, preferred stock, debt securities, and warrants, over time.
June 21, 2024 | 8:06 pm
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Iteris has filed for a $150 million mixed securities shelf offering, which allows the company to issue different types of securities over time. This could provide the company with additional capital but may also dilute existing shareholders.
The mixed securities shelf offering allows Iteris to raise up to $150 million through the issuance of various securities. While this can provide the company with much-needed capital for growth or other purposes, it may also lead to dilution of existing shares, which could neutralize the short-term stock price impact.
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