Company sells 3.5 million common shares at $10.00 apiece in offering
By Devika Patel
Knoxville, Tenn., March 12 – Levy Acquisition Corp. arranged a $35 million private placement of stock with three investors on March 12, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company will sell 3.5 million common shares at $10.00 per share. The price per share is a 0.5% premium to the March 11 closing share price of $9.95.
The deal is being conducted alongside the company’s planned merger with Del Taco Holdings, Inc.
The blank-check company is based in Chicago.
| Issuer: | Levy Acquisition Corp.
|
| Issue: | Common shares
|
| Amount: | $35 million
|
| Shares: | 3.5 million
|
| Price: | $10.00
|
| Warrants: | No
|
| Settlement date: | March 12
|
| Stock symbol: | Nasdaq: LEVY
|
| Stock price: | $9.95 at close March 11
|
| Market capitalization: | $48.28 million
|
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