MeridianLink shares are trading lower after the company announced an underwirtten secondary public offering of 6,000,000 shares.
Portfolio Pulse from Benzinga Newsdesk
MeridianLink's shares are trading lower following the announcement of a secondary public offering of 6,000,000 shares.
September 27, 2024 | 12:01 pm
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MeridianLink's stock is experiencing a decline due to the announcement of a secondary public offering of 6 million shares, which can lead to dilution of existing shares.
The announcement of a secondary public offering typically leads to a decrease in stock price due to the potential dilution of existing shares. Investors may react negatively as the increase in share supply can lower the value of each share.
CONFIDENCE 90
IMPORTANCE 80
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