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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sun, December 1, 1:10 PM
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Slide #46. Skylight Health Group Inc — Preferred Stock Offering
Company:
Skylight Health Group Inc (SLHG)
Date announced:
11/11/2021
Preferred Stock Offering Details:
Skylight Health Group Inc (NASDAQ:SLHG; TSXV: SLHG) ("Skylight Health" or the "Company"), a multi-state primary care management group in the United States, today announced the launch of a proposed underwritten public offering (the "Offering") of its Series A Cumulative Redeemable Perpetual Preferred Shares (the "Series A Preferred Shares"). The Series A Preferred Shares are entitled to cumulative dividends of 9.25% payable monthly and are redeemable by the Company, at a price of US $25.00 per share, at the Company's option any time on or after three years from closing. In connection with this offering, the Company expects to grant the underwriter a 30-day option to purchase Preferred Shares. Currently, no market exists for the Series A Preferred Shares. The Company has filed an application to list the Series A Preferred Shares on the NASDAQ Capital Market under the symbol "SLHGP".
Skylight Health Group is a secure cloud-based cannabis healthcare technology platform that connects patients, physicians, and regulated suppliers for the purposes of assessment, qualification, registration, and access to medication.
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