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Freedom Capital offering common shares


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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.