Getty Realty Announces Public Offering Of 3.5M Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Getty Realty has announced a public offering of 3.5 million shares of common stock, with an additional 30-day option for 525,000 shares.
July 29, 2024 | 8:14 pm
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Getty Realty has announced a public offering of 3.5 million shares of common stock, with an additional 30-day option for 525,000 shares. This could lead to short-term downward pressure on the stock price due to dilution concerns.
The announcement of a public offering typically leads to concerns about dilution, which can result in short-term downward pressure on the stock price. The additional 30-day option for 525,000 shares further adds to these concerns.
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