Company will offer up to 10 million common shares at $0.50 per share
By Devika Patel
Knoxville, Tenn., Jan. 26 - Blackhawk Capital Group BDC, Inc. hired Odeon Capital Group, LLC as agent for a Regulation E offering on Jan. 24, according to an 8-K filed Wednesday with the Securities and Exchange Commission. The offering is slated to raise $5 million on a best-efforts basis.
The company will sell up to 10 million common shares at $0.50 apiece, a 117.39% premium to the Jan. 21 closing share price of $0.23.
Blackhawk is a New York-based business development company.
| Issuer: | Blackhawk Capital Group BDC, Inc.
|
| Issue: | Common stock
|
| Amount: | $5 million
|
| Shares: | 10 million
|
| Price: | $0.50
|
| Agent: | Odeon Capital Group, LLC
|
| Warrants: | No
|
| Pricing date: | Jan. 24
|
| Stock symbol: | OTCBB: BHCG
|
| Stock price: | $0.23 at close Jan. 24
|
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