Company inks separate stock purchase agreements with six investors
By Susanna Moon
Chicago, July 13 – Meta Financial Group, Inc. plans to sell $3.1 million of shares in private placements with investors, according to an 8-K filing with the Securities and Exchange Commission.
The company plans to sell about 71,000 shares at a price per share equal to the closing price of the company’s common stock on July 6, which was $43.83.
The company entered into separate securities purchase agreements on July 7 with Fort George Investments, LLC, Nantahala Capital Partners SI, LP, Blackwell Partners LLC Series A, Nantahala Capital Partners II LP, Silver Creek CS SAV, LLC and Nantahala Capital Partners LP.
Proceeds will be used to finance a future acquisition and for general corporate purposes.
As announced June 30, the company also arranged to sell about 535,000 common shares for about $23 million in separate purchase agreements with institutional accredited investors.
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.
| Issuer: | Meta Financial Group, Inc.
|
| Issue: | Common stock
|
| Amount: | $3.1 million
|
| Shares: | 71,000
|
| Price: | $43.83
|
| Warrants: | No
|
| Investors: | Fort George Investments, LLC, Nantahala Capital Partners SI, LP, Blackwell Partners LLC Series A, Nantahala Capital Partners II LP, Silver Creek CS SAV, LLC and Nantahala Capital Partners LP
|
| Pricing date: | July 7
|
| Stock symbol: | Nasdaq: CASH
|
| Stock price: | $43.83 at close July 10
|
| Market capitalization: | $304.29 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
