GDEV Plans To Offer And Sell, From Time To Time, 1.757M Ordinary Shares, Held In Treasury, Through At The Market Offering
Portfolio Pulse from Benzinga Newsdesk
GDEV plans to offer and sell 1.757 million ordinary shares held in treasury through an at-the-market offering. This move could impact the company's stock price and investor sentiment.
September 12, 2024 | 9:08 pm
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GDEV is planning to sell 1.757 million ordinary shares held in treasury through an at-the-market offering. This could lead to a dilution of shares and potentially impact the stock price negatively in the short term.
The sale of 1.757 million shares from treasury could lead to dilution, increasing the supply of shares in the market. This often results in downward pressure on the stock price as the value of existing shares may decrease. Investors may react negatively to the increased supply, impacting short-term stock performance.
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