let's see. $125 mil / $39.61 = 3.156 mil new shares at todays market price. 3.156 / 31.91 = roughly a 10% increase in shares outstanding. 39.61/1.1 = 36.01 = diluted price. Look for this stock to close somewhere between $36 and $37 Friday.
This is like 'Trading Places.' CG gets his ATM money and sticks it to the shorts at the same time. Then, if he really wants a belly laugh, he announces the AA nod on Friday 7/5, when the (short) trading desks will be manned by skeleton crews. Anyone want to cover on Monday? Lots of shares available, starting in the 80s. There is only one reason that a company with 175mm in cash needs ATM money NOW -- and I don't think it's to pay the rent on the new office digs. Pull the trigger, CG, but please wait until I make a bowl of popcorn. This will be fun to watch.