Reported Earlier, Sonida Senior Living Prices Upsized Public Offering Of 4.3M Common Stock At $27/Share
Portfolio Pulse from Benzinga Newsdesk
Sonida Senior Living has priced an upsized public offering of 4.3 million common stock at $27 per share. The company plans to use $102.9 million of the net proceeds to acquire eight senior living communities and the remaining for general corporate purposes.
August 16, 2024 | 6:19 am
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Sonida Senior Living has announced an upsized public offering of 4.3 million shares at $27 each. The proceeds will be used to acquire eight senior living communities and for general corporate purposes.
The public offering will provide Sonida Senior Living with significant capital to fund acquisitions and general corporate purposes. This could be seen positively by investors as it indicates growth and expansion.
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