Corporate ActionMay 18, 2026, 04:56 PM
Star Equity Holdings to Offer Up to $8.7M in Preferred Stock
AI Summary
Star Equity Holdings, Inc. has entered into an At Market Issuance Sales Agreement with Ladenburg Thalmann & Co. Inc. This agreement allows the company to offer and sell up to $8,700,000 of its 10% Series A Cumulative Perpetual Preferred Stock. The sales will be conducted as "at the market" offerings, with the company paying a commission of up to 3.0% to the sales agent. The company is not obligated to sell any shares under this agreement.
Key Highlights
- Star Equity Holdings entered an At Market Issuance Sales Agreement with Ladenburg Thalmann & Co. Inc.
- The company may offer and sell up to $8,700,000 of its 10% Series A Cumulative Perpetual Preferred Stock.
- Shares will be sold through Ladenburg Thalmann & Co. Inc. as the sales agent.
- Sales will be made in "at the market" offerings on the Nasdaq Global Select Market or other trading markets.
- The company will pay the Sales Agent a commission of up to 3.0% of the gross sales price.
- The offering is pursuant to an effective registration statement on Form S-3 filed March 24, 2026.
Price Impact
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