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Cleveland-Cliffs stock dips after pricing offering to raise $964 million

2025-10-30 19:38

Cleveland-Cliffs (CLF) priced a public offering of 75 million shares, aiming to raise $964 million in gross proceeds, with an option for underwriters to buy 11.25 million additional shares.
The offering is expected to close on October 31, 2025. Proceeds will be used to repay debt and for general corporate purposes.
Shares fell 9% premarket.

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