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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Sep. 19, 8:30 AM

Slide #8. Franchise Group, Inc. Secondary Offering

Company: Franchise Group, Inc. (NASDAQ:FRG)
Date announced: 9/15/2020
Shares Offered: 1,200,000
Date of Pricing: 9/16/2020
Price Per Share: $25.00
Secondary Offering Details: Franchise Group, Inc. (NASDAQ: FRG) ("Franchise Group" or the "Company") today announced it has commenced an underwritten registered public offering of shares of its Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share and liquidation preference of $25.00 per share (the "Preferred Stock"). The Company expects to grant the underwriters a 30-day option to purchase additional shares of the Preferred Stock in connection with the offering. updated 9/16- Franchise Group, Inc. (NASDAQ: FRG) ("Franchise Group" or the "Company") today announced the pricing of its underwritten registered public offering of 1,200,000 shares of 7.50% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share and liquidation preference of $25.00 per share (the "Preferred Stock") at an initial public offering price of $25.00 per share, raising gross proceeds of $30 million before deducting underwriting discounts, the structuring fee and other estimated offering expenses. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 180,000 shares of Preferred Stock. The offering is expected to close on or about September 18, 2020, subject to customary closing conditions.

Franchise Group is a franchisor, operator and acquirer of franchised and franchisable businesses. Co. operates in four reporting business segments: Liberty Tax, which provides tax preparation services in the U.S. and Canada; Buddy's Home Furnishings, which is a specialty retailer of consumer electronic, residential furniture, appliances and household accessories through rent-to-own agreements; Sears Outlet, which provides in-store and online access to purchase new, used, overstocked and scratched and dented products; and Vitamin Shoppe, which is an omni-channel specialty retailer of vitamins, minerals, herbs, specialty supplements, sports nutrition and other health and wellness products.

FRG SEC Filing Email Alerts Service

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Company Name: 
Franchise Group Inc
Website: 
www.libertytax.com
Sector: 
Rental, Leasing, & Royalty
Number of ETFs Holding FRG: 
17
Total Market Value Held by ETFs: 
$45.34M
Total Market Capitalization: 
$1.06B
% of Market Cap. Held by ETFs: 
4.28%
 

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Buy (3.00 out of 4)
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