Frequency Electronics Announces $100M Public Stock Offering
FEI is offering $62.5 million of shares of common stock, and Edenbrook Value Fund, LP and Edenbrook Long Only Value Fund, LP, affiliates of Jonathan Brolin, a member of our board of directors, are offering $37.5 million
Frequency Electronics is selling new shares to raise $100 million, including $37.5 million from board members. When a company sells new shares, it means the ownership pie gets sliced into more pieces, so watch if the stock price stays stable or how investors react.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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