United Homes Group Files For Primary Offering Of Up To 11.6M Shares Of Class A Common Stock; Files For Secondary Offering Of Up To 66.7M Shares Of Class A Common Stock
Portfolio Pulse from Benzinga Newsdesk
United Homes Group has filed for a primary offering of up to 11.6 million shares of Class A common stock and a secondary offering of up to 66.7 million shares of Class A common stock, according to an SEC filing.
June 21, 2024 | 8:39 pm
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United Homes Group has filed for a primary offering of up to 11.6 million shares and a secondary offering of up to 66.7 million shares of Class A common stock. This could lead to dilution of existing shares and potential short-term pressure on the stock price.
The primary and secondary offerings will increase the total number of shares available in the market, which can lead to dilution of existing shares. This often results in downward pressure on the stock price in the short term as the market adjusts to the increased supply.
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