Rights Offerings

Rights offerings are a little known special situation through which companies raise additional equity capital from current share holders. The “classic” rights offering special situation uses transferable warrants. Many rights offerings today award non-transferable warrants. We list both here.

Ticker Name Date added Transferable Y/N Press Release Notes
PHOT GrowLife Inc 9/20/2018 N Link One right per share as of 10/12/2018. Sort of crazy. Read the link.
RIV RiverNorth Opportunities Fund 9/20/2018 Y Link One right per share as of 10/4/2018. Three rights plus subscription price (based on 95% of NAV) buys one share. Over subscription privilege.
FTF Franklin Limited Duration Income Trust 9/14/2018 Y Link One right per share as of 9/21/2018. Three rights plus subscription price (based on trading price & NAV) buys one share. Over subscription privilege.
RCG Renn Fund, Inc. 9/11/2018 N Link Three rights buys 1 share at lessor of 105%NAV or 90% of market price. 1 non-transferable right for every share as of 9/28/18
GCV Gabelli Convertible Fund 8/23/2018 Y Link Three rights + $5.25 buys one share. No oversubcription privilege for second hand rights
SMTX SMTC Corporation 7/25/2018 N Link $13M rights offering to shareholders of record 7/23/2018
ASG Liberty All-Star Growth Fund 7/25/2018 N Link Subscription at 95% of NAV
DCTH Delcath Systems, Inc 7/25/2018 N Link Rights to existing shareholder as of 8/1/2018.
BIOC Biocept, Inc 7/25/2018 N Link Shareholders of record by 7/23/2018
SNES SensTech 7/25/2018 N Link Shareholders of record by 7/24/2018