Deal conducted with Anson Investments Master Fund to fund development
By Devika Patel
Knoxville, Tenn., Aug. 12 – One Group Hospitality Inc. said it arranged a $3 million 10% loan with Anson Investments Master Fund LP.
The loan is due on Aug. 11, 2021.
Anson also received warrants for 300,000 shares. Each warrant is exercisable at $2.61, a 0.38% discount to the Aug. 11 closing share price of $2.62.
Proceeds will be used for development.
The hospitality company is based in New York.
| Issuer: | One Group Hospitality Inc.
|
| Issue: | Loan
|
| Amount: | $3 million
|
| Maturity: | Aug. 11, 2021
|
| Coupon: | 10%
|
| Warrants: | For 300,000 shares
|
| Warrant strike price: | $2.61
|
| Investor: | Anson Investments Master Fund LP
|
| Pricing date: | Aug. 12
|
| Stock symbol: | Nasdaq: STKS
|
| Stock price: | $2.62 at close Aug. 11
|
| Market capitalization: | $69.97 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.
