logo
Share SHARE
FONT-SIZE Plus   Neg

TICC Capital Completes $48.7 Mln Stock Offering

TICC Capital Corp. (TICC) said Wednesday that it has completed a public offering of about 4.9 million shares of its common stock, including 637,500 shares of common stock that were issued to cover over-allotments, at a public offering price of $9.96 per share for total gross proceeds of about $48.7 million.

Wells Fargo Securities and RBC Capital Markets acted as joint book-running managers for the offering. BB&T Capital Markets, Ladenburg Thalmann & Co. Inc. and JMP Securities acted as co-managers.

The company expects to use the net proceeds from the offering for general corporate purposes, which may include investing in debt or equity securities, and other general corporate purposes, including working capital requirements.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
IKEA is voluntarily recalling 29 million chests and dressers in the U.S. following reports of several injuries, including deaths of three children caused by them tipping over. The recalled chests and dressers are unstable if they are not properly anchored to the wall, posing a serious tip-over and... Dow Chemical Co. (DOW) Tuesday announced its plans to eliminate about 2,500 jobs, or about 4 percent of global workforce, as the company takes full control of Dow Corning Corp., the joint venture formed in 1943 with Corning Inc. Dow Chemicals now owns Dow Corning Corp. completely after Corning exchanged... Quote-to-Cash software provider Apttus is planning Initial Public Offering in the first half of 2017, reported MarketWach.
comments powered by Disqus
Follow RTT