In the world of finance, there are numerous investment opportunities available through securities offerings. Financial institutions like BofA Finance LLC, Citigroup Inc., Morgan Stanley Finance LLC, UBS AG, and FSK provide various investment options for investors.
BofA Finance LLC has released an amended and restated pricing supplement for their securities, providing updated information on fee-based advisory accounts, public offering price, principal amount of Notes, Contingent Coupon Payment, Observation Dates, Redemption Amount, Event of Default, and Underlyings such as NDX, RTY, and SPX [512aef7a].
Citigroup Inc. ensures a maximum return at maturity for their securities, which will be at least $235.00 per security, representing at least 23.50% of the stated principal amount [3d4fd928].
Morgan Stanley Finance LLC offers unsecured notes that pay no interest but are fully guaranteed by Morgan Stanley. Investors will receive the stated principal amount at maturity, plus an upside payment if the underlying index appreciates or does not depreciate over the term of the notes. The notes are suitable for investors concerned about principal risk but seeking an equity index-based return. However, the notes are subject to Morgan Stanley's credit risk and may not have a significant secondary market [2ab6facb].
UBS AG provides Capped Buffer Securities, which are unsubordinated, unsecured debt obligations linked to the MSCI index. The return at maturity is based on the direction and percentage change in the underlying asset, with potential gains limited to the maximum gain. However, there are significant risks involved, including the potential loss of the initial investment. The Securities do not pay interest and are subject to the creditworthiness of UBS. The Securities are not listed on any securities exchange or electronic communications network [512aef7a] [3d4fd928] [2ab6facb] [c1eb37e5].
FSK, a leading publicly traded business development company (BDC), offers unsecured notes due in 2029. The offering is expected to close soon, and interested investors can access the prospectus and other related documents on the SEC website or by contacting the underwriters [25931474].
Bank of Montreal has also filed a public offering of notes linked to the NASDAQ-100 Index. The offering price for investors is between $995.00 and $1,000 per $1,000 in principal, with an estimated initial value of $980.30 per $1,000 in principal amount. The notes are subject to the performance of the reference asset, which is the NASDAQ-100 Index. The filing includes information about the pricing, transaction costs, and trading of the notes, as well as legal restrictions in certain countries [8cd50756].
Life & Banc Split Corp. has successfully completed an overnight treasury offering of class A shares and preferred shares, raising approximately $65.9 million. The offering is expected to close on or about December 19, 2023, and the Fund has granted the Agents an over-allotment option to purchase additional shares. The Class A Shares were offered at $7.80 per share with a distribution rate of 15.4%, while the Preferred Shares were offered at $9.80 per share with a yield to maturity of 8.1%. The syndicate of agents for the offering was led by RBC Capital Markets, CIBC Capital Markets, National Bank Financial Inc., and Scotiabank. The Fund invests in a portfolio consisting of common shares of the six largest Canadian banks and the four major publicly traded Canadian life insurance companies.
John J. Masterson, Director of Bogota Financial Corp. (NASDAQ:BSBK), purchased 2,300 shares of the company's stock on March 6th at an average cost of $7.51 per share. The total value of the purchase was $17,273.00. Following the purchase, Masterson now owns 167,255 shares of the company's stock, valued at approximately $1,256,085.05. Bogota Financial Corp. is a bank holding company that provides banking products and services in the United States. The company offers deposit accounts, residential and commercial real estate loans, consumer loans, and investment securities. The stock is traded on the NASDAQ under the ticker symbol BSBK and has a market capitalization of $98.64 million. The company reported ($0.09) earnings per share for the last quarter and had revenue of $3.22 million. The stock has a 1 year low of $6.66 and a 1 year high of $11.41. Institutional investors and hedge funds own 9.30% of the company's stock. The acquisition was disclosed in a legal filing with the SEC [bb6fde73].
Lawrence W. Schwartz, a director at FVCBankcorp, Inc., sold 24,413 shares of common stock at an average price of $12.10 per share, totaling approximately $295,397. Schwartz also acquired the same number of shares through the exercise of stock options at $5.56 per share, costing a total of $135,743. The transactions were disclosed in a regulatory filing with the Securities and Exchange Commission. The stock options were exercised on March 14, 2024, the same day the shares were sold. Following the sale, Schwartz's direct ownership in FVCBankcorp stands at 7,626 shares of common stock [43d244f6].
Nkarta, a biopharmaceutical company, has priced its public offering of common stock and pre-funded warrants. The company will offer 21,010,000 shares of common stock at $10.00 each, alongside pre-funded warrants to purchase 3,000,031 shares at $9.9999 per warrant. The gross proceeds from the offering are expected to be approximately $240.1 million. The net proceeds will be used for research and clinical development, expanding manufacturing capabilities, and general corporate support. The offering is anticipated to close on March 27, 2024. Participants in the offering include Adage Capital Partners LP, Boxer Capital, and Janus Henderson Investors. Leerink Partners, TD Cowen, Stifel, and Mizuho Securities are acting as joint bookrunners for the offering. Nkarta focuses on developing engineered natural killer (NK) cell therapies. [f61425e8].
Rexford Industrial Realty, Inc. (NYSE: REXR) has priced a public offering of 17,179,318 shares of common stock at $48.95 each. The offering is part of a forward sale agreement and is expected to close on March 28, 2024. BofA Securities is the sole book-running manager for the offering. The company will not receive immediate proceeds from the forward sale but plans to issue and sell shares to the forward purchaser upon settlement. Rexford Industrial has also priced $1 billion of exchangeable senior notes due in 2027 and 2029 in a private offering to qualified institutional buyers. The offerings are independent of each other and are intended for funding acquisitions, development, repositioning activities, and general corporate purposes. [fc5927c5].
Bowman Consulting Group Ltd. has announced the pricing of its underwritten public offering at $34.00 per share. The offering consists of 1,323,530 shares sold by the company and 147,058 shares sold by certain executives, including President and CEO Gary Bowman and Executive VP and COO Michael Bruen. The company expects to raise approximately $45.0 million in gross proceeds before deductions for underwriting discounts, commissions, and estimated offering expenses. The closing date for the offering is anticipated to be April 1, 2024. The net proceeds from the company's share of the offering are intended for general corporate purposes, which may include organic growth, potential acquisitions, and repayment of outstanding borrowings under its credit facility. BofA Securities and Baird are the joint lead book-running managers for the offering, with Roth Capital Partners also serving as a joint book-running manager. D.A. Davidson & Co. and Craig-Hallum are involved as lead co-manager and co-manager, respectively. Bowman, headquartered in Reston, Virginia, operates over 90 offices across the United States and employs over 2,000 people. The firm offers a range of services including planning, engineering, geospatial, and environmental consulting to various regulated markets.
Runway Growth Finance Corp. has announced a secondary public offering of 3,750,000 shares of common stock by OCM Growth Holdings LLC. The offering is being made under a registration statement previously filed with the Securities and Exchange Commission. OCM Growth Holdings LLC plans to give underwriters a 30-day option to buy up to an additional 562,500 shares. The joint-lead book-running managers for this offering include Wells Fargo Securities, Morgan Stanley, BofA Securities, and UBS Investment Bank. Keefe, Bruyette & Woods, RBC Capital Markets, and B. Riley Securities are also serving as joint book-running managers. Runway Growth provides senior secured loans to companies in high-growth industries and is managed by Runway Growth Capital LLC. The preliminary prospectus supplement and the accompanying base prospectus, which contain important information about the offering, are available from the managing underwriters.