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Stock impact report

RAVE Restaurant Group initiates rights offering [Seeking Alpha]

Rave Restaurant Group, Inc. (RAVE) 
US:NASDAQ Investor Relations: raverg.investorroom.com
Company Research Source: Seeking Alpha
RAVE Restaurant Group (NASDAQ: RAVE ) announces that it's launching a $5M registered rights offering for shares. The company says shareholders are being distributed one right for each share of common stock owned on August 1. Each right entitles the shareholder to purchase 0.3351393 shares of the common stock at a subscription price of $1.40 per share. In addition, the rights offering includes an over-subscription right entitling shareholders who exercise all of their basic subscription rights to purchase additional shares. RAVE after hours to $2.01. Source: Press Release Now read: Famous Dave's: The Bottom Is In » Show less Read more
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