Chanticleer Holdings just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:
424B3 1 form424b3.htm Filed Pursuant to Rule 424(b)(3) Registration No. 333-230857 PROSPECTUS CHANTICLEER HOLDINGS, INC. Up to 16,000,000 Shares of Common Stock Issuable Upon Exercise of Rights to Subscribe for such Shares at $1.00 per Full Share We are distributing, at no charge, to holders of our common stock and certain holders of warrants to purchase shares of our common stock non-transferable subscription rights to purchase up to 16,000,000 shares of our commo n stock. You will receive three subscription rights for each share of common stock and each share of common stock underlying warrants owned at 4:00 p.m., Eastern time, on June 7, 2019. Each subscription right will entitle you to purchase one share of our common stock at a subscription price of $1.00 per full share, which we refer to as the basic subscription privilege. The per-share price was determined by our board of directors after a review of recent historical trading prices of our common stock and the closing sales price of our common stock on June 5, 2019, the last trading day prior to determination of the subscription price. The closing price of our common stock on June 5, 2019 was $1.11. If you fully exercise your basic subscription privilege and other rights holders do not fully exercise their basic subscription privileges, you may also exercise an over-subscription right to purchase additional shares of common stock that remain unsubscribed at the expiration of the rights offering, subject to the availability and pro rata allocation of shares among rights holders exercising this over-subscription right. If all the rights are exercised, the total purchase price of the shares of common stock offered in the rights offering will be approximately $16 million. We are conducting the offering to raise capital that we intend to use for strategic acquisitions and general corporate purposes, which may include funding our growth plan, working capital and capital expenditures and funding ou
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following:
Registration statement under Securities Act of 1933 - June 26, 2020
Chanticleer: Unaudited Pro Forma Condensed Combined Financial Statements - June 26, 2020
Chanticleer Holdings director just picked up 2,409 shares - June 12, 2020
Major owner of Chanticleer Holdings just picked up 2,400 shares - June 12, 2020
Major owner of Chanticleer Holdings just picked up 930,705 shares - June 5, 2020