trending Market Intelligence /marketintelligence/en/news-insights/trending/vJVEyqhZV9S-u_QLboWQig2 content esgSubNav
In This List

Freedom Capital offering common shares

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion


Freedom Capital offering common shares

FreedomCapital Corp., through affiliate Democracy Funding LLC, is offeringon a continuous basis up to $500 million in common shares at an initialoffering price of $10.00 per share.

Assuming the company sells the maximum number of sharesregistered in the offering, net proceeds are estimated to be $442.5 million,according to a prospectus.

Freedom Capital intends to use substantially all of theoffering's proceeds, net of expenses, to make investments in private U.S. Thecompany anticipates using the remainder of the proceeds for working capital andgeneral corporate purposes, including the payment of operating expenses.