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Firm Capital Mortgage Investment Corporation Announces Upsizing of Bought Deal Offering
Aug 02, 2024•almost 2 years ago
Contract Type
partnership
Financial Services
Description
Firm Capital Mortgage Investment Corporation has increased the size of its previously announced bought deal offering by entering into an agreement to sell 1,950,000 common shares at a price of $11.30 per Share for gross proceeds of $22,035,000. The net proceeds will be used to repay indebtedness and for general corporate purposes. The offering is expected to close on or about August 8, 2024.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months