Carl Icahn
Icahn Enterprises, led by famed investor Carl Icahn, has filed to sell up to $400 million worth of shares through an “at-the-market” offering. The proceeds will be used for potential acquisitions and other company purposes.
This move follows a challenging year for the company, with shares dropping more than 6% on Monday and over 13% in 2024. Last year, the stock experienced a steep 66% decline.
Last week, Icahn Enterprises settled with the SEC, paying $2 million in fines for failing to disclose up to $5 billion in margin loans tied to Icahn’s stake in the company.
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