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Lakeland Fire + Safety Announces Proposed Public Offering of Common Stock

1. Lakeland Industries plans a public offering of common stock, increasing share supply. 2. Underwriters may purchase an additional 15% of shares, potentially diluting existing shareholder value.

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FAQ

Why Bearish?

Public offerings often lead to share dilution, affecting stock prices negatively.

How important is it?

The planned offering directly impacts share supply and investor sentiment toward LAKE.

Why Short Term?

Initial market reaction to dilution likely impacts stock price shortly after the announcement.

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LAKE
HUNTSVILLE, AL / ACCESS Newswire / January 22, 2025 / Lakeland Industries, Inc. ("Lakeland Fire + Safety" or "Lakeland") (NASDAQ:LAKE), a leading global manufacturer of protective clothing for industry, healthcare, and first responders, today announced a proposed underwritten public offering of shares of its common stock. Lakeland also expects to grant to the underwriters of the offering a 45-day option to purchase up to an additional 15% of the shares of its common stock in the underwritten public offering on the same terms and conditions.

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