LATAM Airlines (LTMAY) has released an update.
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LATAM Airlines Group S.A. has announced an underwriting agreement to sell a total of 19 million American Depositary Shares (ADS), with an option for underwriters to purchase up to an additional 2.85 million ADS. The shares will be represented by American Depositary Receipts issued by JPMorgan Chase Bank pursuant to a Deposit Agreement. Investors are cautioned not to rely solely on the underwriting agreement for information about the company’s current state or condition.
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