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Ferroglobe Files for $40 Million Mixed-Securities Shelf Offering

05/10/2021 23:16

03:12 AM EDT, 05/11/2021 (MT Newswires) -- Ferroglobe (GSM) has registered with the US Securities and Exchange Commission for the shelf offering of up to $40 million worth of various securities, according to a filing late Monday.

The metal alloy producer may issue ordinary shares, warrants, and subscription rights, it said in the registration statement.

Proceeds may be used for general corporate purposes.

Shares were down more than 2% Monday in after-hours activity.

Price: 4.2500, Change: -0.2400, Percent Change: -5.35