Ameritrans Capital Corporation’s Stockholders Approve Issuance of up to $65 Million of Common Stock to Renova US Holdings L...
27 6월 2011 - 9:11PM
Business Wire
Ameritrans Capital Corporation (NASDAQ: AMTC, AMTCP), today
announced that, at a Special Meeting of the stockholders of
Ameritrans Capital Corporation (“Ameritrans”) held on June 24,
2011, its stockholders approved the issuance of up to $65 million
of common stock to Renova US Holdings Ltd (“Renova”) in accordance
with the terms, and subject to the conditions, set forth in the
Stock Purchase Agreement (the “Purchase Agreement”), dated April
12, 2011, between Ameritrans and Renova, as amended. In addition,
at the Special Meeting, Ameritrans’ stockholders approved the
adoption of an Amended and Restated Certificate of Incorporation
and an Investment Advisory Agreement with Ameritrans Capital
Management, LLC, in the forms attached as Annexes II and III,
respectively, to Ameritrans’ revised definitive proxy statement
filed with the Securities and Exchange Commission (“SEC”) on May
31, 2011.
Michael Feinsod, Ameritrans’ Chief Executive Officer, President
and Chairman of the Board of Directors, stated “we appreciate the
support of our stockholders. We are actively working to satisfy the
remaining conditions to closing under the Purchase Agreement and to
complete the Renova transaction.”
The closing of the transactions contemplated by the Purchase
Agreement and the implementation of the proposals approved at the
Special Meeting remain subject to various closing conditions,
including regulatory approval. A more in-depth discussion of the
transaction and the proposals approved at the Special Meeting can
be found in Ameritrans’ Revised Definitive Proxy Statement filed
with the SEC on May 31, 2011, as amended on June 17, 2011, and
Ameritrans’ Current Reports on Form 8-K filed with the SEC on April
14, 2011 and June 17, 2011.
About Ameritrans
Ameritrans Capital Corporation is an internally managed,
closed-end investment company that has elected to be regulated as a
business development company (BDC) under the Investment Company Act
of 1940, as amended. Ameritrans originates, structures and manages
a portfolio of secured business loans and selected equity
securities. Ameritrans' wholly owned subsidiary Elk Associates
Funding Corporation was licensed by the United States Small
Business Administration as a Small Business Investment Company
(SBIC) in 1980.
This announcement contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those
presently anticipated or projected. Ameritrans Capital Corporation
cautions investors not to place undue reliance on forward-looking
statements, which speak only as to management's expectations on
this date.
Ameritrans Capital (CE) (USOTC:AMTPQ)
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Ameritrans Capital (CE) (USOTC:AMTPQ)
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