Tristate Capital Holdings Inc

+0.07 (+0.52%)
Mergers / Acquisitions, Equity Financing / Related, Initial Public Offerings

Tristate Capital Signs A Definitive Agreement For $105 Mln In New Capital

Published: 10/12/2020 12:04 GMT
TriState Capital Holdings Inc (TSC) - Tristate Capital Signs a Definitive Agreement for $105 Million in New Capital to Fund the Company’s High-growth Strategy for Its Financial Services Businesses.
Tristate Capital Holdings - Tristate Capital Agrees to Issue Equity, Convertible Preferred Stock & Warrants to Funds Managed by Stone Point Capital.
Tristate Capital Holdings Inc - New Capital Will Be Invested by Trident Viii, Lp and Its Affiliated Investment Funds Managed by Stone Point.
Tristate Capital Holdings - Agreed to Issue About 2.77 Million Shares of Tristate Capital Stock to Stone Point-managed Funds for $40 Million.
Tristate Capital Holdings - at Closing, Stone Point is Expected to Own About 8.5% of Tristate Capital's Stock Outstanding.