Vizsla Silver Announces $65M Bought Deal Financing For The Sale Of 25M Shares Of Common Stock At A Price Of $2.60/Share
Portfolio Pulse from Benzinga Newsdesk
Vizsla Silver Corp. has announced a $65 million bought deal financing for the sale of 25 million shares at $2.60 each. The offering is expected to close on September 19, 2024, and includes an over-allotment option that could increase proceeds to $74.75 million.
September 16, 2024 | 5:01 pm
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Vizsla Silver Corp. is conducting a $65 million bought deal financing, selling 25 million shares at $2.60 each. This could lead to short-term stock price pressure due to increased share supply.
The announcement of a bought deal financing typically leads to short-term stock price pressure as the increased supply of shares can dilute existing shareholders' value. The offering price of $2.60 per share sets a benchmark for the market, potentially leading to a decrease in stock price if the market perceives the offering as dilutive.
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