Smart Wires: Likely to issue preferred equity
Research Note
2022-11-14
21:23
Smart Wires updated its memorandum and articles. Redeye is more confident that Smart Wires will issue preferred equity to finance its needs after the press release. However, the terms of the preferred, makes it unlikely the common equity will be rewarded.
RJ
JG
Rasmus Jacobsson
Jessica Grunewald
Disclosures and disclaimers