Q: Any concerns that CLS is offering a mixed life ssecurities shelf ?
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5i Research Answer:
There is no guarantee that a mixed shelf is actually utilized but of course, companies typically get these things in line for a reason. They are not uncommon and we would not view it as a bad thing as there could be numerous reasons for a financing (such as acquisitions or simply just having quick access to financing 'just in case') as well as numerous forms of financing (stock, debt). Given the run in shares, while maybe not ideal, it would be hard to fault the company too much if they were considering an equity raise.