other material
confidence high
sentiment negative
materiality 0.60
Stellus Capital withdraws 2.25M share public offering citing unfavorable market conditions
Stellus Capital Investment Corp
- Company terminated previously announced offering of 2,250,000 shares of common stock.
- Reason: current market conditions were not conducive to completion on terms in best interest of existing shareholders.
- Joint book-running managers included Keefe Bruyette & Woods, Wells Fargo, Oppenheimer & Co., and Goldman Sachs.
- Registration statement declared effective June 21, 2019 remains effective for possible future use.