Lottery.com Files For Selling Securityholder Offering Of About 4.4M Shares Of Company Common Stock
Portfolio Pulse from Benzinga Newsdesk
Lottery.com has filed an SEC filing for a selling securityholder offering of approximately 4.4 million shares of its common stock. This move could impact the company's stock price and investor sentiment.
September 04, 2024 | 5:43 pm
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Lottery.com has filed for a selling securityholder offering of about 4.4 million shares of its common stock. This could lead to stock price fluctuations as the market reacts to the increased supply of shares.
The filing for a selling securityholder offering indicates that a significant number of shares will be available for sale, potentially increasing the supply of shares in the market. This could lead to downward pressure on the stock price as the market adjusts to the new supply. Investors may also perceive this as a signal of insider selling, which could affect sentiment.
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