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Published on 2/2/2010 in the Prospect News PIPE Daily.

New Issue: Meta Financial Group raises $3.21 million through placement of shares

By Devika Patel

Knoxville, Tenn., Feb. 2 - Meta Financial Group, Inc. completed a $3.21 million private placement of stock on Jan. 29, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company sold 150,000 common shares at $21.40 per share to NetSpend Holdings, Inc.

The financial services provider is based in Storm Lake, Iowa.

Issuer:Meta Financial Group, Inc.
Issue:Common stock
Amount:$3.21 million
Shares:150,000
Price:$21.40
Warrants:No
Investor:NetSpend Holdings, Inc.
Settlement date:Jan. 29
Stock symbol:Nasdaq: CASH
Stock price:$17.80 at close Jan. 29
Market capitalization:$46.4 million

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