Tectonic Financial: This 9% Fixed-To-Floating Preferred Stock Started Trading On The Nasdaq [Seeking Alpha]
Tectonic Financial, Inc. - 9.00% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (TECTP)
Company Research
Source: Seeking Alpha
Tectonic Financial: This 9% Fixed-To-Floating Preferred Stock Started Trading On The Nasdaq Summary Overview of Tectonic Financial's new preferred stock, TECTP. Brief look at the company. Comparison with the sector. Where in the context of all Fixed-to-Floating preferred stocks does TECTP stand? Lack of easily accessible public information. Introduction Our goal is to present to you our IPO analysis for every new fixed-income security that enters the market and to find out if there is any trading potential. In this article, we want to shed light on the newest Preferred Stock issued by the private company Tectonic Financial, Inc. Even though the product may not be of interest to us and our financial objectives, it definitely is worth taking a look at. The New Issue Before we submerge into our brief analysis, here is a link to the 424B4 Filing by Tectonic Financial, Inc. Source: SEC.gov For a total of 1.5M shares issued, the total gross proceeds to the company are $15M. You can find som
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TECTP
Sec Filings
- 11/15/24 - Form 8-K
- 11/14/24 - Form 10-Q
- 10/25/24 - Form 8-K
- TECTP's page on the SEC website