NYSE:STCInsurance
Does Stewart’s US$129.2 Million Equity Raise And New Shelf Registration Change The Bull Case For STC?
Earlier this month, Stewart Information Services completed a follow-on equity offering of 1,900,000 common shares at US$68, raising about US$129.2 million, while also filing an omnibus shelf registration covering common and preferred stock, warrants, units, debt securities and purchase contracts.
This combination of fresh equity capital and expanded financing flexibility could meaningfully influence investor views on dilution, balance sheet strength and future funding options.
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