other material
confidence high
sentiment positive
materiality 0.55
StoneCastle Financial raises $10.8M via registered direct offering of 492,234 shares at $21.89
ArrowMark Financial Corp.
- Offered 492,234 shares of common stock at $21.89 per share, raising ~$10.8M before expenses.
- NAV at transaction was $21.85; offering is accretive to existing shareholders.
- Proceeds will be invested per the company's investment strategy.