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The latest announcement is out from Children’s Place ( (PLCE) ).
The Children’s Place has initiated a rights offering to raise up to $90 million by issuing 9,230,769 shares of common stock to its shareholders. This financial maneuver aims to address the company’s outstanding indebtedness under its Credit Agreement and support general operational expenses, which may include further debt reduction.
More about Children’s Place
The Children’s Place is an omni-channel children’s specialty portfolio of brands, offering fashionable, high-quality apparel, accessories, and footwear for children predominantly at value prices. The company operates more than 500 stores across North America and has a robust global retail and wholesale network that includes digital storefronts and distribution in 15 countries through international franchise partners.
YTD Price Performance: -54.87%
Average Trading Volume: 501,096
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $134M
See more data about PLCE stock on TipRanks’ Stock Analysis page.
