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Meta Financial files $10.1M shelf on behalf of shareholders

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Meta Financial files $10.1M shelf on behalf of shareholders

Sioux Falls, S.D.-based Meta Financial Group Inc. filed a shelf registration statement on behalf of shareholders for the sale of 266,430 of its common shares from time to time.

The proposed maximum offering price per share is $37.99, or a maximum aggregate offering price of $10.1 million. The amounts were estimated solely for the purpose of calculating the registration fee.

Net proceeds will go to the selling shareholders.

The shareholders purchased the shares in an earlier private placement for an aggregate consideration of approximately $11.7 million.