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ODDITY Tech’s Exchangeable Notes Raise Dilution Risks and May Fuel Short Selling Pressure
ODDITY Tech Ltd. Class A (ODD) has disclosed a new risk, in the Debt & Financing category.
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The analyst notes that exchanges of ODDITY Tech Ltd. Class A’s Exchangeable Notes could dilute existing shareholders if settled in shares rather than entirely in cash. He also highlights that potential share settlements and the notes’ very existence may incentivize short selling, putting additional downward pressure on the Class A share price in the market.
The average ODD stock price target is $18.22, implying 26.97% upside potential.
To learn more about ODDITY Tech Ltd. Class A’s risk factors, click here.
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