ArrowMark Financial Corp. announced a registered direct offering of $14.9 million.
Investors purchased 673,249 shares of common stock at $22.28 per share.
The offering is accretive to current shareholders with a net asset value of $22.20 at the time of the transaction.
Offering Details
673,249 shares of common stock were sold at $22.28 per share, totaling $14.9 million.
Net Asset Value
The Net Asset Value at the time of the transaction was $22.20.
Investment Proceeds
Proceeds from the offering will be invested in accordance with ArrowMark's investment strategy.
- The registered direct offering is a strategic move to raise capital for further investments.
- The proceeds are expected to enhance ArrowMark Financial's portfolio and support its growth strategy.
ArrowMark Financial Corp.'s registered direct offering marks a significant milestone in its financial activities, demonstrating confidence in the company's growth prospects. Investors are likely to monitor the deployment of the proceeds for insight into the company's future performance.