Kingsway Financial Services Raises $4.4 Million Through Private Placement of Class C Preferred Stock

KINGSWAY FINANCIAL SERVICES INC

Issued 176,756 shares of Class C Preferred Stock at $25 per share for initial proceeds of $4,418,900.
Class C Preferred Stock carries an 8% cumulative dividend rate, increasing to 18% if unpaid for two consecutive quarters.
Holders can convert each share into 2.63158 shares of common stock, with mandatory redemption on February 12, 2032.
Company may sell additional shares up to $6 million total in the Offering.
The preferred stock ranks pari passu with Class B Preferred Stock and senior to common stock.

item 1.01 item 2.03 item 3.02 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

KINGSWAY FINANCIAL SERVICES INC: Filing of Class C Certificate of Designations creating Class C Preferred Stock (effective 2025-02-13).

Change: charter amendment
Effective: 2025-02-13

Exact text from the filing

On February 13, 2025, the Company filed the Class C Certificate of Designations with the Secretary of State of the State of Delaware.

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73 governance changes filed in the last 30 days. Browse all governance changes →

KINGSWAY FINANCIAL SERVICES INC filing history →

Source: SEC EDGAR

accession 0001213900-25-014562

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