Published on 1/26/2010 in the Prospect News PIPE Daily.
New Issue: Meta Financial to raise $5.65 million through placement of shares
By Devika Patel
Knoxville, Tenn., Jan. 26 - Meta Financial Group, Inc. arranged a $5.65 million private placement of stock on Jan. 22, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company will sell 265,000 common shares at $21.33 per share to Cash America International, Inc.
Settlement is expected Jan. 26.
The financial services provider is based in Storm Lake, Iowa.
Issuer: | Meta Financial Group, Inc.
|
Issue: | Common stock
|
Amount: | $5,652,450
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Shares: | 265,000
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Price: | $21.33
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Warrants: | No
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Investor: | Cash America International, Inc.
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Pricing date: | Jan. 22
|
Settlement date: | Jan. 26
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Stock symbol: | Nasdaq: CASH
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Stock price: | $21.75 at close Jan. 22
|
Market capitalization: | $56.6 million
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