This can't be good for $hims shareholders even if its for "growth". This much dilution will only drive investors out and make it difficult in future to raise funds.
Build a robust, profitable business and do half share, half cash. Even Cohen knows this 😁
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🚨 BREAKING: $HIMS ANNOUNCES $300 MILLION CONVERTIBLE NOTES OFFERING
- To support international expansion (incl. Eucalyptus acquisition), AI investments, and preserve financial flexibility
- Due 2032
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