Abacus Life Announces Pricing of Public Offering of Common Stock
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Abacus Life, Inc. (NASDAQ: ABL) announced the pricing of its public offering of 12.5 million shares at $8.00 per share, aiming to raise approximately $100 million. The offering includes shares from both the company and certain stockholders.
November 22, 2024 | 12:45 am
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Abacus Life is conducting a public offering of 12.5 million shares at $8.00 per share, potentially raising $100 million. This could lead to short-term stock price volatility.
The public offering increases the supply of shares, which can lead to a decrease in stock price due to dilution. The offering price of $8.00 per share may also set a short-term price ceiling.
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