Trina Solar Limited (NYSE: TSL) has filed a mixed securities open shelf registration to allow it to raise capital in the near future if it desires. The company has listed that it may sell Ordinary shares, Preferred shares, Depositary shares, Debt securities, and Warrants.
The company has said that it may offer and sell the securities in any combination from time to time in one or more offerings. Also noted was that the debt securities and warrants may be convertible into or exercisable or exchangeable for ordinary shares, preferred shares, depository shares or our other securities.
While Trina Solar did not specify the amount that it will (or can) sell), its market cap was $756.9 million as of yesterday. Shares are down over 4% at $29.05 on dilution concerns and the 52-week trading range is $25.88 to $73.06.
Jon C. Ogg
July 15, 2008
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
