LAS VEGAS-Las Vegas Sands Corp. successfully completed the emergency $2.1-billion capital raise it revealed early last week, prompting the company’s independent accounting firm PricewaterhouseCoopers to amend its statement about the company’s wherewithal. The company believes it now has sufficient liquidity and capital resources to both fund its ongoing operations and to execute its revised development plan. As a result, the accounting firm no longer has “substantial doubt about the company’s ability to continue as a going concern.”

The capital raise added more than 465 million shares to the company, more than doubling the number of shares outstanding. After falling from the $8 range to the $5 range after the accounting firm’s dire assessment last week the company’s share price rebounded on Monday’s news of the successful capital raise, jumping back up past $6.50.

Today, with analysts revising their price target for the company downward because of the share dilution, shares in the company are trading in the mid $5 range. Little more than one year ago, the company’s share price stood at $144.

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