Arq Announces Pricing Of $25M Public Offering Of Common Stock At $5.25 Per Share, Expected To Close September 23, 2024
Portfolio Pulse from Benzinga Newsdesk
Arq has announced a public offering of common stock, pricing 25 million shares at $5.25 each. The offering is expected to close on September 23, 2024.
September 20, 2024 | 12:22 pm
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Arq is conducting a public offering of 25 million shares at $5.25 each, expected to close on September 23, 2024. This could lead to a short-term decrease in stock price due to dilution.
The announcement of a public offering typically leads to a short-term decrease in stock price due to the dilution of existing shares. The offering is significant in size and is expected to close soon, which increases its relevance and importance for investors.
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