Chanticleer Holdings Announces Completion of Rights Offering for Gross Proceeds of $6.1M
CHANTICLEER HOLDINGS INC (BURG)
Last chanticleer holdings inc earnings: 11/14 04:00 pm
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US:NASDAQ Investor Relations:
chanticleerholdings.com/investor-relations
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Source: GlobeNewswire
CHARLOTTE, N.C., July 02, 2019 (GLOBE NEWSWIRE) -- Chanticleer Holdings, Inc. (NASDAQ:BURG) (“Chanticleer” or the “Company”), owner, operator, and franchisor of multiple nationally recognized restaurant brands today announced that it has closed its previously announced Rights Offering, which expired at 4:00 p.m. EST on June 28, 2019. Chanticleer received subscriptions for an aggregate of 6,084,853 shares of common stock through the exercise by its record holders of basic and over subscription rights at a price of $1.00 per share. Gross proceeds to Chanticleer of approximately $6,084,853.00 include $3,075,000.00 subscribed through the reduction of outstanding debt obligations. Chanticleer intends to use the net proceeds of the Rights Offering for general corporate purposes and is in discussions with the target to restructure the acquisition proposal. After the Rights Offering, Chanticleer will have an aggregate of 10,023,876 shares of common stock issued and outstanding. Investors
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