Atlanticus holdings corporation announces closing of over-allotment option in connection with offering of series b cumulative perpetual preferred stock

Atlanta, july 08, 2021 (globe newswire) -- atlanticus holdings corporation (nasdaq: atlc) (“atlanticus” or the “company”) today announced the closing of its underwritten registered public offering of 388,533 additional shares of its 7.625% series b cumulative perpetual preferred stock, no par value and liquidation preference of $25.00 per share (the “preferred stock”), at an initial public offering price of $25.00 per share, in connection with the exercise of the underwriters' option to purchase additional shares of preferred stock. the offering resulted in net proceeds of approximately $9.3 million after deducting underwriting discounts and commissions, but before deducting expenses and the structuring fee. the company expects to use the net proceeds of this offering for general corporate purposes, including the repurchase of common stock.
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