Calumet Announces $65 Million At-the-Market Equity Offering Program
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Calumet, Inc. has announced a $65 million at-the-market equity offering program to issue and sell shares of its common stock. The proceeds will be used for general corporate purposes, including debt repayment and capital expenditures.
January 14, 2025 | 2:45 pm
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Calumet, Inc. has initiated a $65 million at-the-market equity offering program to issue and sell shares of its common stock. The funds will be used for general corporate purposes, including debt repayment and capital expenditures.
The announcement of an at-the-market equity offering program typically leads to a short-term decrease in stock price due to potential dilution of existing shares. However, the use of proceeds for debt repayment and capital expenditures could be seen positively in the long term.
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