Gladstone Capital Entered Equity Distribution Agreement For Issuance Of Up To $150M Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Gladstone Capital has entered into an equity distribution agreement to issue up to $150 million of common stock, according to an SEC filing.
August 16, 2024 | 8:13 pm
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Gladstone Capital has entered into an equity distribution agreement to issue up to $150 million of common stock, which could lead to stock dilution and impact the stock price.
Issuing a significant amount of common stock can lead to dilution, which typically puts downward pressure on the stock price as the value of existing shares is diluted.
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