You own 600 of the 12,000 outstanding shares of BLM stock.The firm just announced that it will be issuing an additional 3,000 shares to the general public in a cash offer at $19 per share.What type of event are you participating in if you opt to purchase 100 of these additional shares?

Question

Quizplus · Accepted Answer

The event being described is a seasoned equity offering, which is when a company offers additional shares to the public after already having had an initial public offering.

You Own 600 of the 12,000 Outstanding Shares of BLM