Abacus Life, Inc. filed a $350 million mixed securities shelf registration on October 21, 2024. This filing allows the company to offer various types of securities, including common stock, preferred stock, debt securities, and warrants, in one or more offerings over time. The shelf registration provides Abacus Life with increased financial flexibility to access capital markets as needed.
This move is significant as it positions the company to fund future growth initiatives, potential acquisitions, or other general corporate purposes. It enables a more efficient and timely capital-raising process by pre-registering securities with the SEC. The ability to quickly raise capital can be a strategic advantage for a growing alternative asset manager.
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