-Keating Capital launches common share rights offering.
BANKING AND CREDIT NEWS-November 7, 2013--Keating Capital launches common share rights offering(C)2013 M2 COMMUNICATIONS http://www.m2.com
7 November 2013 -- Colorado USA-based closed-end fund Keating Capital Inc (NASDAQ: KIPO) said it has launched a non-transferable rights offering to purchase shares of common stock of the Company.
The company said it will issue non-transferable rights to subscribe for up to 2,945,113 shares of the company's common stock to its stockholders of record on November 20, 2013.
Record date stockholders will receive one non-transferable right for every three shares of common stock owned on the Record Date. The rights entitle the holders to purchase one new share of common stock for every one right held.
The rights are non-transferable and will not be listed for trading on NASDAQ or any other stock exchange, the firm said.
Keating Capital specialises in making pre-IPO investments in emerging growth companies that are committed to and capable of becoming public.
Find out more at www.keatingcapital.com.
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