Nikola Corp. wants to raise $100 million through a public stock offering. Dilution-fearing investors drove shares to an all-time low.
Cargojet is riding the e-commerce wave and to grow business even more it sold shares so it can buy more big cargo planes.
TFI International announces share offering that could raise more than $200 million and give the Canadian firm additional firepower for more acquisitions.
After cutting the price by more than a third from a new stock offering of $75 million, TravelCenters of America shares fell below the revised asking price Wednesday.
Six months of Jon Pertchik’s high-energy leadership of TravelCenters of America took a hit Monday when a $75 million offering of new company stock met with a selloff that drove shares almost 24% lower than the asking price.
Airlines like Air Canada are raising private capital through various means, while also seeking emergency government assistance.
United Airlines is getting $9.5 billion in U.S. government aid, but it still needs more money to stay afloat so it’s selling stock and borrowing.
Apollo Global Management is reportedly planning to take its subsidiary CEVA Logistics public by April.
