Company seeks to fund loan originations and general corporate purposes
By Devika Patel
Knoxville, Tenn., Feb. 1 – IEG Holdings Corp. priced a $5 million public offering of stock, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company will sell 1 million common shares at $5.00 apiece. The price per share is identical to the Jan. 30 closing share price.
Proceeds will be used for loan originations and general corporate purposes.
The consumer finance company is based in Las Vegas.
| Issuer: | IEG Holdings Corp.
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| Issue: | Common shares
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| Amount: | $5 million
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| Shares: | 1 million
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| Price: | $5.00
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| Warrants: | No
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| Pricing date: | Jan. 30
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| Stock symbol: | OTCBB: IEGH
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| Stock price: | $5.00 at close Jan. 30
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| Market capitalization: | $187.68 million
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