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Stock impact report

OFS Credit Company, Inc. Commences Preferred Stock Offering [Yahoo! Finance]

OFS Credit Company, Inc. - Closed End Fund (OCCI) 
Company Research Source: Yahoo! Finance
CHICAGO, September 24, 2024 BUSINESS WIRE )--OFS Credit Company, Inc. (the "Company") (Nasdaq: OCCI, OCCIN, OCCIO) announced today that it plans to offer shares of its Series F Term Preferred Stock (the "Preferred Stock") in an underwritten public offering. The public offering price and other terms of the Preferred Stock are to be determined by negotiations between the Company and the underwriters. The Company has applied to list the Preferred Stock on the Nasdaq Capital Market under the trading symbol "OCCIM". The Company expects the Preferred Stock to begin trading within 30 days from the original issue date. In addition, the Company plans to grant the underwriters a 30-day option to purchase additional shares of Preferred Stock on the same terms and conditions to cover overallotments, if any. The Company intends to use the net proceeds of the offering to acquire investments in accordance with its investment objectives and strategies. Lucid Capital Markets, LLC, B. Riley Securi Show less Read more
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