Seaport Entertainment Group (SEG) said Tuesday that its board has approved a plan for a $175 million rights offering to sell up to 7 million shares of its common stock for $25 apiece.
Seaport said it will distribute the right to buy additional Seaport shares among investors on Sept. 20 in proportion to their respective stakes in the entertainment and hospitality company.
The subscription rights will begin trading on the NYSE American exchange on Sept. 24 under the SEG-RT ticker symbol and will continue until the end of the Oct. 9 session, with stock purchases starting Oct. 10, the company said.
Seaport said Pershing Square Capital Management has agreed to backstop the upcoming offering and will exercise any unsold Seaport subscription rights to buy up to 7 million shares at $25 each.
Seaport said it plans to use net proceeds for general operating, working capital and other corporate purposes.
Price: 27.90, Change: +0.14, Percent Change: +0.50
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。