Stockholder Golden Pegasus Racing intends to participate in offering
By Devika Patel
Knoxville, Tenn., Dec. 27 - Red Bullet Racing Corp. priced its $4.05 million initial public offering of stock in a Form S-1 filed Tuesday with the Securities and Exchange Commission. Golden Pegasus Racing Inc., the company's sole stockholder, intends to participate.
The company will sell 405,000 common shares at $10.00 per share on a best-efforts, all-or-none basis.
The deal will be conducted without an underwriter.
Proceeds will be used to repay a $1.23 million promissory note, for the company's training and maintenance agreement with Golden Pegasus, working capital and general corporate purposes.
The Hallandale Beach, Fla., company owns thoroughbred racehorses.
| Issuer: | Red Bullet Racing Corp.
|
| Issue: | Common stock
|
| Amount: | $4.05 million
|
| Shares: | 405,000
|
| Price: | $10.00
|
| Warrants: | No
|
| Investor: | Golden Pegasus Racing Inc.
|
| Pricing date: | Dec. 27
|
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