The Trade Desk Inc (NASDAQ:TTD) shares are trading lower in Monday’s after-hours session after the company filed a prospectus for a mixed shelf offering.
- Trade Desk stock is showing downward bias. What’s ahead for TTD stock?
The Trade Desk Files For Offering
The Trade Desk filed with the SEC on Monday to potentially offer and sell common stock, preferred stock, debt securities, warrants or units from time to time in one or more offerings.
Terms and size of the offering were not disclosed. A prospectus supplement would need to be filed each time the company or any selling stockholders decides to offer and sell any securities.
The Trade Desk had approximately $1.12 billion in total cash and cash equivalents as of June 30.
TTD Shares Move Lower
TTD Price Action: The Trade Desk shares were down 2.13% in after-hours, trading at $12.99 at the time of publication on Monday, according to Benzinga Pro. The stock is down approximately 65% year-to-date and is trading near 52-week lows of $12.83 reached in early August.
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