May. 23 at 12:09 PM
$SACH how do you all feel about the registration statement filing statement this past Friday for the potential sale of up to
$250 million of its securities from time to time?
Per their Q1 2025 10Q, they already have 200,000,000 shares authorized, with 47,310,139 issued and outstanding as of 3/31/25.
The new filing covers common and preferred shares, debt securities, guarantees of debt securities, warrants and units.
If they have 150 million common shares already authorized, do you believe this was new filing was more for the warrants? I hope it’s not for more preferred. That would only kill the common shareholders even more. Curious on what everyone thinks.
