Manhattan Bridge Capital announces plans for public offering of stock

Proceeds to be used to increase loan portfolio, working capital

By Angela McDaniels

Tacoma, Wash., May 18 – Manhattan Bridge Capital, Inc. plans to sell common stock in a public offering. There will be an over-allotment option.

Aegis Capital Corp. is the underwriter, according to a 424B5 filing with the Securities and Exchange Commission.

The company’s stock closed at $4.74 (Nasdaq: LOAN) on May 15.

The company plans to use the proceeds to increase its loan portfolio and for general corporate purposes and working capital.

Manhattan Bridge Capital is a New York-based real estate investment trust that originates, services and manages a portfolio of first mortgage loans.

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