Torm (TRMD) has released an update.
TORM PLC, adhering to the laws of England and Wales, has entered into an underwriting agreement with Citigroup Global Markets Inc. and other underwriters for the sale and potential future option to purchase millions of Class A Common Shares. The company has initiated a registration statement with the SEC, aiming for a public offering of the shares soon after the agreement’s execution. This financial move is part of TORM’s expansion strategy and invites investors to participate in the company’s growth.
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