$IDEX So you can hear it in the back: For people that may not understand: a shelf offering is generally done when a company is strong. It’s not your typical direct offering. IDEX already cleared practically all their debt prior to the run they have been on. This offering is most likely used to enhance or expand the business in some way. Look up companies that have used shelf offerings. Tesla for example had one last year in order to raise capital for a new factory and their new model y (at the time).