secwatch.observer — SEC 8-K summary
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Issuer:     Atlanticus Holdings Corp (ATLCP)
CIK:        0001464343
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0001437749-22-019732
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Atlanticus enters $100M at-the-market issuance agreement for preferred stock and senior notes
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- Entered Sales Agreement with B. Riley Securities to sell up to $100M of 7.625% Series B Preferred Stock and 6.125% Senior Notes due 2026.
- Sales agent commission is 2% of gross proceeds from Offered Securities sold under the agreement.
- Amended articles designate 7,388,533 shares of Preferred Stock with cumulative dividends at 7.625% of $25 liquidation preference.
- Preferred Stock ranks senior to common, on parity with other series, junior to Series A Convertible Preferred and all indebtedness.
- Preferred Stock generally not redeemable before June 11, 2026, except upon change of control or delisting event.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464343/000143774922019732/0001437749-22-019732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464343/000143774922019732/atlc20220808_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-019732

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