Deal sells series C convertible cumulative preferreds at $1,000 each
By Devika Patel
Knoxville, Tenn., Oct. 4 - General Finance Corp. raised $750,000 in a private placement of series C convertible cumulative preferred stock, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The 0% preferreds were sold at $1,000 apiece. They are convertible into common stock.
General Finance is a Pasadena, Calif.-based provider of portable storage services.
| Issuer: | General Finance Corp.
|
| Issue: | Series C convertible cumulative preferred stock
|
| Amount: | $750,000
|
| Price: | $1,000
|
| Dividend: | 0%
|
| Announcement date: | Oct. 4
|
| Stock symbol: | Nasdaq: GFN
|
| Stock price: | $4.00 at close Oct. 3
|
| Market capitalization: | $85.9 million
|
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