ams OSRAM’s shareholders approve €800m rights issue

What happened

ams OSRAM shareholders approved an €800 million rights issue, expected to be executed in fall/winter 2023/24. The capital raise aims to strengthen the company's balance sheet and fund its strategic transformation. Bearish: A large equity dilution typically puts downward pressure on the share price in the near term, though it may improve long-term financial stability.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 10/26/2023 · View original source