From “GlobeNewswire”: 2024-12-31 16:20:00

The Children’s Place, Inc. has started a rights offering to purchase up to $90,000,000 in shares of the Company’s common stock. Each stockholder will receive one non-transferable subscription right for each full share owned as of the record date of December 13, 2024. The subscription price is $9.75 per whole share, with the opportunity to purchase additional shares through an over-subscription privilege. The subscription period ends on January 31, 2025, and the rights are non-transferable except by operation of law. The net cash proceeds will be used to prepay debt and for general corporate purposes. For more information, visit the Company’s website.

(Source: Globe Newswire)



Read more at “GlobeNewswire”: The Children’s Place, Inc. Announces Commencement of Rights