🔴 Hafnia is trading 6.4% down today as a $300 million equity placement raises dilution concerns

Hafnia is trading at $8.52, down 6.37%, after announcing a $300 million equity placement that raised dilution concerns.

• The placement issued 35.49 million shares at NOK 80.
• Proceeds will help fund recent TORM acquisitions, including 1.7 million additional shares bought for $57.8 million, taking Hafnia’s stake to approximately 19.85%.
• Broader risk-off trading and higher Treasury yields added pressure.