other material
confidence high
sentiment neutral
materiality 0.55
Park-Ohio launches $50M ATM equity program and approves up to 300K shares in private sales to insiders
PARK OHIO HOLDINGS CORP
- ATM program with KeyBanc Capital Markets allows sale of up to $50M in common stock from time to time.
- Board also authorized private sales of up to 300,000 shares to Edward F. Crawford and/or Matthew V. Crawford and their affiliates.
- Private sale price must be at least the Nasdaq closing bid price immediately before the purchase agreement.
- Timing and extent of both ATM and private sales depend on market conditions and other factors.