Underwriters exercise Kingsway over allotment option

Underwriters have exercised their over allotment option to purchase 610,000 common shares of Kingsawy Financial Services (NYSE, TSX: KFS) following a public offering that closed earlier this month.The syndicate of underwriters, led by Scotia Capital Inc., purchased the shares for $16.70 each, for additional proceeds of $10.2 million.Total gross proceeds from the earlier offering and […]

By Canadian Underwriter | July 15, 2003 | Last updated on October 30, 2024
1 min read

Underwriters have exercised their over allotment option to purchase 610,000 common shares of Kingsawy Financial Services (NYSE, TSX: KFS) following a public offering that closed earlier this month.The syndicate of underwriters, led by Scotia Capital Inc., purchased the shares for $16.70 each, for additional proceeds of $10.2 million.Total gross proceeds from the earlier offering and the over allotment now total $112.1 million, for net proceeds of $107.6 million.

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