NasdaqGS:STXTech
Seagate’s $6.6b Shelf Registration Reshapes Dilution And ESOP Incentives
Seagate Technology Holdings filed a large shelf registration, covering more than $6.6b in ordinary shares.
The filing includes shares tied to an employee stock ownership plan related offering.
This shelf registration gives the company flexibility to issue shares in the future for potential corporate actions.
For investors watching NasdaqGS:STX, the move comes with the stock trading at $407.25 with very large gains over the past year and past five years. The shares are also up 41.6% year to...