By Devika Patel
Knoxville, Tenn., Dec. 10 - Universal Travel Group said that agent Brean Murray, Carret & Co., LLC will assist the company with a $20 million registered direct offering of stock.
The company will sell 2,222,222 shares at $9.00 apiece.
Settlement is expected Dec. 15.
Proceeds will be used for identified acquisitions and for working capital.
Shenzhen, China-based Universal Travel provides travel services.
| Issuer: | Universal Travel Group
|
| Issue: | Common shares
|
| Amount: | $20 million
|
| Units: | 2,222,222
|
| Price: | $9.00
|
| Warrants: | No
|
| Agent: | Brean Murray, Carret & Co., LLC
|
| Pricing date: | Dec. 10
|
| Settlement date: | Dec. 15
|
| Stock symbol: | NYSE: UTA
|
| Stock price: | $10.35 at close Dec. 9
|
| Market capitalization: | $132 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.
