ARC Group Worldwide Announces Closing of Rights Offering for Gross Proceeds of $10.0 Million
ARC GROUP WORLDWIDE INC (ARCW)
Last arc group worldwide inc earnings: 2/9 04:35 pm
Check Earnings Report
US:NASDAQ Investor Relations:
arcgroupworldwide.com/investor-relations.html
Company Research
Source: GlobeNewswire
DELAND, Fla., Feb. 28, 2018 (GLOBE NEWSWIRE) -- ARC Group Worldwide, Inc. (“ARC” or the “Company”) (NASDAQ:ARCW), a leading global provider of advanced manufacturing and metal 3D printing solutions, today announced that its rights offering of common shares closed today, raising gross proceeds of $10.0 million, before payment of expenses, through the issuance of 5,000,000 shares of common stock at $2.00 per share. This includes 3,257,645 shares issued to Everest Hill Group, ARC’s largest shareholder, upon exercise of its basic subscription rights and backstop purchase agreement. After giving effect to the rights offering, Everest Hill Group will own approximately 52.9% of the outstanding share of the Company’s common stock. Brian Knaley, ARC’s CFO, stated, “Proceeds from the rights offering will provide us additional working capital for our general corporate purposes. The completed transaction demonstrates continued support by existing and new shareholders for the Company’s bus
Show less
Read more
Impact Snapshot
Event Time:
ARCW
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ARCW alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ARCW alerts
High impacting ARC GROUP WORLDWIDE INC news events
Weekly update
A roundup of the hottest topics