BlackSky Prices $40 Million Public Offering Of 10M Shares At $4.00/Share
Portfolio Pulse from Benzinga Newsdesk
BlackSky has announced a public offering of 10 million shares priced at $4.00 each, aiming to raise $40 million.
September 25, 2024 | 12:49 pm
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BlackSky is conducting a public offering of 10 million shares at $4.00 per share, aiming to raise $40 million. This move could lead to short-term stock price fluctuations due to increased supply.
The public offering increases the number of shares available in the market, which can lead to a decrease in stock price due to dilution. Investors may react to the increased supply and potential dilution of existing shares.
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