SFL Corporation To Offer Up To 8M Common Shares
Portfolio Pulse from Benzinga Newsdesk
SFL Corporation has announced plans to offer up to 8 million common shares. This move is likely aimed at raising capital for the company.
July 23, 2024 | 8:27 pm
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SFL Corporation's announcement to offer up to 8 million common shares is likely aimed at raising capital. This could lead to short-term downward pressure on the stock price due to dilution concerns.
The issuance of new shares typically leads to dilution of existing shares, which can result in a decrease in stock price. Investors may react negatively in the short term as the market adjusts to the increased share count.
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