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: Along with the mixed shelf, the company is announcing a public stock offering to make use of it. $250M worth of newly-issued shares will be sold, as will 1.3M shares (current value of $53M) held by existing stockholders, "including certain officers and directors and their affiliates." Shares
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So if I understand this correctly, DDD is registering a total of $303M worth of securities which represents approx 7.65% of the current market cap of $3.96B. So, using yesterday's close, all of our $42.62 existing shares are now worth about $39.56 (or 7.65% less)...yes?
Curious to see how much the market panics beyond that. I don't like that they are doing it, but I'll probably be looking to buy.
May 8 09:18 AM
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