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Skylight Health offers 9.25% cumulative redeemable preferred stock
Chicago, Nov. 10 – Skylight Health Group Inc. plans to sell 9.25% series A cumulative redeemable perpetual preferred stock, according to a supplemental filing with the Securities and Exchange Commission.
There will be an over-allotment option.
Dividends of $2.3125 per share per year will be payable monthly on the $25-par preferred stock.
The shares can be redeemed in whole or in part starting in 2024.
Benchmark Co. is the bookrunner.
Aegis Capital Corp. is the lead manager.
The company has applied to list the shares on the Nasdaq as “SLHGP.”
Proceeds will be used for possible acquisitions of clinical and medical services businesses, establishing primary care and sub-specialty services within existing facilities including human resources and capacity development and working capital.
Skylight is a health care services and technology company with executive offices in Canada.
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