Western Digital Corp Files For Mixed Shelf; Size Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Western Digital Corp has filed for a mixed shelf offering with the SEC, though the size of the offering has not been disclosed. This move allows the company to issue various types of securities over time.
August 26, 2024 | 8:13 pm
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Western Digital Corp has filed for a mixed shelf offering, which allows the company to issue different types of securities over time. The size of the offering is not disclosed, which provides flexibility but also uncertainty regarding the impact on stock prices.
The filing for a mixed shelf offering indicates that Western Digital may issue new securities, which can affect stock prices depending on the type and size of the issuance. However, the lack of disclosure on the size adds uncertainty, making the short-term impact neutral until more details are available.
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