Deal prices alongside C$50.15 million public offering of common shares
By Devika Patel
Knoxville, Tenn., Nov. 26 - Atrium Mortgage Investment Corp. said it priced a C$4.61 million private placement of stock on Nov. 22. The company also plans to conduct a C$50.15 million public offering of stock with a C$7.52 million greenshoe
The company will sell 432,400 common shares at C$10.67 per share in the private placement and an additional 4.7 million shares at the same price in the public sale. The price per share is a 1.2% discount to C$10.80, the Nov. 21 closing share price.
Settlement is expected Dec. 4.
The Toronto company is a non-bank lender.
| Issuer: | Atrium Mortgage Investment Corp.
|
| Issue: | Common stock
|
| Amount: | C$4,613,708
|
| Shares: | 432,400
|
| Price: | C$10.67
|
| Warrants: | No
|
| Pricing date: | Nov. 22
|
| Settlement date: | Dec. 4
|
| Stock symbol: | Toronto: AI
|
| Stock price: | C$10.80 at close Nov. 21
|
| Market capitalization: | C$164.36 million
|
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