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MicroStrategy
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About rights issue
Hi all. New to this so if anyone can help explain, appreciate it! I received an email about rights issue, asking to choose option 1 to exercise____ and option 2 no action default.
May I know what it means if I choose option 1, or even option 2? And anyone can advise what I should choose?
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104149248 OP : So I did a bit of reading up. I have understood at least what rights issue is. Question: What is the good choice to do now? Option 1 or 2?
A rights issue is an action by companies to raise capital (for expansion, debt repayment etc.).
Through rights issue, a company allows investors to purchase new unit shares/additional shares at a discounted price. The number of new/additional shares that can be bought depends on how many current shares an investor owns.
Rawrrrf : the assured rights depend on the number of shares. any more than that is up for pooling of fund and public allocation. for example, if you're entitled for 50 units, you can still bid 200 units if you want to, the 50 is sure to be given but the 150 might not be fully granted
lookgoodloop 104149248 OP : So what is their purpose for issuing rights this time? Are they paying off debts or are they expanding? Where can we find official info on their purpose? Apologies, you can tell I’m new to this…
ButterBull : Fundraising, u can go read up on news column