Firm Cap Mortgage Invest (TSE:FC) has released an update.
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Firm Capital Mortgage Investment Corporation has announced an expansion of its bought deal offering, involving the sale of 1,950,000 common shares at $11.30 each, potentially raising $25.34 million if the over-allotment option is fully exercised. The proceeds from this offering, expected to close around August 8, 2024, will be used to repay debt and for general corporate purposes.
For further insights into TSE:FC stock, check out TipRanks’ Stock Analysis page.
