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$SOFI SoFi announces a $1.5B mixed-shelf offering after the bell. What does this mean? Basically, they reserve the right to offer $1.5B of stock, which at $21/share would be 71M shares, on the open market. Higher the price of the stock when they dilute, less shares that https://t.co/M9Ul1OHoNn
SoFi Technologies, Inc. Announces Public Offering of Common Stock "SoFi Technologies, Inc. (NASDAQ: $SOFI) (“SoFi” or the “Company”) today announced an underwritten public offering of $1.5 billion of shares of its common stock. In connection with the offering, SoFi expects to https://t.co/mXzxU7ouoM
SoFi Technologies announces an underwritten public offering of $1.5B of shares of its common stock. " SoFi intends to use the net proceeds from the offering for general corporate purposes, including working capital and other business opportunities." $SOFI: -7% AH https://t.co/sV3OWnVi9I
SoFi Technologies Inc. said it will raise about $1.5 billion through an underwritten public offering of its common stock, expanding the digital financial platform’s capital base after its latest quarterly results. Goldman Sachs & Co. LLC is acting as sole book-running manager. The company has granted the underwriter a 30-day option to purchase as much as 15% more shares to cover any over-allotments. SoFi said it will use the proceeds for general corporate purposes, including working capital and potential business opportunities. The announcement sent the stock down roughly 6% in post-market trading, erasing a similar gain during the regular session that followed the release of its earnings report earlier in the day.
