RENN Fund, Inc. Announces Rights Offering for Shares of Common Stock, Record Date and Summary of Terms
RENN Fund, Inc (RCG)
NASDAQ:AMEX Investor Relations:
rencapital.com/renn_global.php
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- The Board of Directors of the RENN Fund, Inc. (NYSE MKT:RCG) (the “Fund”) announced today it has approved a non-transferable rights offering (the “Offering”) to holders of its common shares of record at the close of business on December 28, 2018 (the “Record Date”). The Offering will only be made by a prospectus, and this announcement does not constitute an offer to sell any of the Fund’s securities. Each shareholder will receive one non-transferable right for every share owned of the Fund held on the Record Date, and the number of rights will be rounded up to the nearest whole number evenly divisible by 3. For every 3 rights each shareholder receives, such shareholder will be entitled to buy one new share of the Fund (“Initial Subscription”). The subscription price per share (the “Subscription Price”) will be the lesser of: (i) 105% of the average closing NAV per shar
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RCG
Sec Filings
- 12/5/25 - Form 4
- 12/4/25 - Form 4
- 12/3/25 - Form 4
- RCG's page on the SEC website