ArrowMark Financial Files For Mixed Shelf Of Up To $150M
Portfolio Pulse from Benzinga Newsdesk
ArrowMark Financial has filed with the SEC for a mixed shelf offering of up to $150 million.
July 25, 2024 | 2:37 pm
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ArrowMark Financial (BANX) has filed with the SEC for a mixed shelf offering of up to $150 million, which could impact the company's stock price depending on market reception.
The mixed shelf offering allows ArrowMark Financial to issue various types of securities up to $150 million. This could lead to dilution of existing shares if new equity is issued, but it also provides the company with flexibility to raise capital. The market's reaction will depend on the specifics of the securities issued and the perceived need for the capital.
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