Lakeland Fire + Safety Announces Proposed Public Offering of Common Stock
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Lakeland Industries, Inc. (NASDAQ:LAKE) announced a proposed public offering of its common stock, with an option for underwriters to purchase an additional 15%.
January 22, 2025 | 9:30 pm
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Lakeland Industries is proposing a public offering of its common stock, potentially increasing the number of shares available in the market. This could lead to a short-term decrease in stock price due to dilution.
The announcement of a public offering typically leads to a short-term decrease in stock price due to the potential dilution of existing shares. The additional 15% option for underwriters further increases the potential for dilution.
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