Lincoln Educational Services (LINC) to Offer 22M Shares
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In a Form S-3, Lincoln Educational Services (Nasdaq: LINC) today announced that it may offer and sell, from time to time, up to 1.5 million shares of its common stock. Additionally, selling stockholders may offer and sell up to 20,524,003 shares of common stock. Lincoln has said that it will not receive any of the proceeds from the sale of shares of common stock by the selling stockholders.
Lincoln Educational Services Corporation provides career-oriented post-secondary education services in the United States.
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