Enzolytics Inc (ENZC)

[art35]

FYI

A secondary, or follow-on offering is when a company issues new shares, but after it has already completed its IPO.

Raising capital to finance debt or making growth acquisitions are some of the reasons that companies undertake secondary offerings.

Dilutive offerings result in lower earnings per share since the number of shares in circulation increases.

Non-dilutive offerings result in an unchanged EPS because they do not involve bringing new shares to the market.