On Saturday October 19, 2024, Rumble Filed Prospectus For Mixed Shelf Of Up To $300M
Portfolio Pulse from Benzinga Newsdesk
Rumble Inc. has filed a prospectus for a mixed shelf offering of up to $300 million. This includes Class A common stock, preferred stock, debt securities, warrants, subscription rights, and units. The terms will be determined at the time of the offering.
October 21, 2024 | 4:40 pm
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Rumble Inc. has filed a prospectus for a mixed shelf offering of up to $300 million, which may include various securities such as common stock and debt. This could lead to potential dilution of existing shares but also provides the company with capital for growth.
The mixed shelf offering allows Rumble to raise up to $300 million through various securities, which can be used for growth or other corporate purposes. However, issuing new shares could dilute existing shareholders' value. The impact on the stock price will depend on how the market perceives the use of the raised capital.
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