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Fri, Oct. 17, 12:45 PM
- "This transaction is expected to significantly accelerate Atlas (NASDAQ:AFH) commercial automobile presence in select sub-segments of the large New York livery market and will add valuable infrastructure on the East Coast to support Atlas continuing growth," says Atlas.
- The purchase price includes $4M of Atlas preferred stock with an annual dividend of 4.5%, payable in cash or in kind, which are convertible into AFH common after the 5th year of issuance at a strike price of $20 per share. The remainder of the purchase price will be in cash.
- Press release
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