Chanticleer Holdings Announces $11,000,000 Public Offering of Units and Listing on NASDAQ With New Symbol
Chanticleer Holdings, Inc. (HOTR) ("Chanticleer Holdings" or the "Company"), a business operator focused on expanding the Hooters casual dining restaurant brand in international markets, announces the pricing of an underwritten public offering of 2,444,450 units at an offering price of $4.50 per unit, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock. The units will begin trading on The NASDAQ Capital Market on June 21, 2012 under the symbol "HOTRU". The common stock and warrants will not be separately transferable for a minimum of 30 days, unless the representatives of the underwriters determine that an earlier date is acceptable, and no later than 45 days from the date of the prospectus. Each warrant will have an exercise price of $5.00 per share, will be exercisable upon separation of the units, and will expire in five years. When separately transferable, the warrants will trade on The NASDAQ Capital Market under the symbol "HOTRW".
Read more: Chanticleer Holdings Inc ( HOTR )
Published: 21 June 2012
Written by Editor