Flex Files For Mixed Shelf Offering; Size Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Flex Ltd. has filed for a mixed shelf offering, according to an SEC filing. The size of the offering has not been disclosed.
August 15, 2024 | 8:29 pm
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Flex Ltd. has filed for a mixed shelf offering, but the size of the offering has not been disclosed. This could lead to potential dilution of shares, affecting the stock price in the short term.
A mixed shelf offering allows a company to issue various types of securities, which can lead to dilution of existing shares. The lack of disclosure on the size adds uncertainty, likely causing short-term downward pressure on the stock price.
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