Meta Financial may raise $23 million by selling 535,000 common shares

Shares will be priced at closing price of stock on the purchase date

By Devika Patel

Knoxville, Tenn., June 30 – Meta Financial Group, Inc. said it arranged to sell about 535,000 common shares for about $23 million on June 25 and June 29.

The shares will be sold at a price equal to the closing price of the stock on the purchase date.

Proceeds will be used for an acquisition.

The financial services provider is based in Sioux Falls, S.D.

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