Tejon Ranch Company Announces Results of Rights Offering
Tejon Ranch Co (TRC)
US:NYSE Investor Relations:
ir.tejonranch.com
Company Research
Source: Business Wire
TEJON RANCH, Calif.--(BUSINESS WIRE)-- Tejon Ranch Co. (NYSE: TRC) announced today that, based on the preliminary results of its just concluded rights offering, it anticipates raising $90 million, the maximum gross proceeds possible. The rights offering concluded on October 27, 2017 and was extremely well received and oversubscribed with demand for shares more than doubling the total rights shares available through the offering. Tejon previously offered transferable rights to purchase 4,173,067 shares of its common stock at a purchase price of $18.00 per share to stockholders of record as of October 4, 2017. In addition, Tejon has the option to issue an additional 833,333 shares to honor over-subscription requests. The $90 million of capital that is anticipated being raised will include the release of 826,933 over-allotment shares and, as a result of the offering, the Company will issue 5,000,000 new shares of common
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TRC
Earnings
- 11/7/23 - Beat
TRC
Sec Filings
- 4/18/24 - Form PX14A6G
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form ARS
- TRC's page on the SEC website