other material
confidence high
sentiment neutral
materiality 0.55
Kingsway Financial Services raises $1.58M in second closing of Class C Preferred Stock offering
KINGSWAY FINANCIAL SERVICES INC
- Second closing: 63,244 shares of Class C Preferred Stock at $25/share for aggregate proceeds of $1,581,100.
- Combined with initial closing of 176,756 shares for $4,418,900, total offering raises $6,000,000.
- Shares sold in private placement under Section 4(a)(2) and Rule 506 of Regulation D; unregistered.
- Prior 8-K filed Feb 18, 2025 contained certificate of designations and initial closing details.
- Use of proceeds not specified in this filing; general corporate purposes likely.