Renasant shares are trading lower after the company announced the pricing of a $200 million offering of 6.25 million shares at $32 per share.
Portfolio Pulse from Benzinga Newsdesk
Renasant shares are trading lower after the company announced the pricing of a $200 million offering of 6.25 million shares at $32 per share.
July 30, 2024 | 12:27 pm
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Renasant shares are trading lower after the company announced the pricing of a $200 million offering of 6.25 million shares at $32 per share.
The announcement of a $200 million offering at $32 per share likely diluted the value of existing shares, leading to a drop in the stock price.
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RELEVANCE 100