NYSE:SPXCMachinery
Did SPX Technologies’ (SPXC) $500 Million Equity Raise Signal a Shift in Its Growth Ambitions?
SPX Technologies, Inc. recently completed a follow-on equity offering of 2,659,575 shares, raising approximately US$500 million at a price of US$188 per share with a discount of US$7.52 per share.
This capital raise follows a comprehensive shelf registration covering common stock, preferred stock, debt securities, and other instruments, indicating potential for further balance sheet flexibility and future financing activities.
We'll now examine how this substantial equity financing may...