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Air T Completed Its Private Placement Of $4M Of Its 8% Trust Preferred Securities At $17/Share For A 12.1% Yield To Maturity

Moomoo 24/7 ·  Nov 29, 2023 01:25

The principal buyers of the private placement were its largest shareholder and their affiliates. Moreover, the private placement buyers have an option to buy an additional $4.0 million at the same $17.00 per-share price.

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