other material
confidence high
sentiment neutral
materiality 0.50
Atlanticus closes over-allotment of Series B preferred; raises $9.3M net
Atlanticus Holdings Corp
- Issued 388,533 additional shares of 7.625% Series B Cumulative Perpetual Preferred Stock at $25.00/share.
- Net proceeds of $9.3M from over-allotment; total offering net proceeds approx. $76.4M.
- Proceeds to be used for general corporate purposes, including common stock repurchases.
- B. Riley Securities led the book-running managers for the offering.