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Medallion Bank prices $55M public offering of Series G preferred stock on Nasdaq, expanding perpetual preferred capital.
Amount Raised
$55 Million
Round Type
Series G+
Salt Lake CityFinancial ServicesLendingBankingDescription
Medallion Bank priced a public offering of 2.2 million shares of Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, with an aggregate liquidation amount of $55 million. The offering represents a reopening of the company's original Series G Preferred Stock issuance from May 22, 2025. Dividends will accrue at a fixed rate of 9.00% per annum through July 1, 2030, then reset to the five-year U.S. Treasury rate plus 4.94%
Fundz sees it the moment Medallion Bank raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Funding Insights
Based on industry dataMedallion Bank raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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