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NCM Financial will price initial public sale of 83.05 million shares
Proceeds fund working capital and other general corporate purposes
By Devika Patel
Knoxville, Tenn., Jan. 2 - NCM Financial, Inc. plans to price its initial public sale of 83.05 million shares, according to a Form S-1 filed Thursday with the Securities and Exchange Commission. The deal will have a 45-day 15% greenshoe.
The company will sell the shares at a price which is expected to be $0.25 per share. The registration also covers 66.9 million shares to be offered by selling stockholders.
Proceeds will be used for working capital and other general corporate purposes, including expansion, acquisitions and investments.
The Dallas company provides investment research. It plans to list its shares on the OTCBB exchange.
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