Does Thornburg Mortgage intend to issue all 3.5 billion of additional shares it’s asking shareholders to authorize?
No. If the proposal to amend our charter to increase the number of authorized shares of capital stock is approved, of the 3.5 billion additional shares of capital stock being authorized, approximately 2.7 billion will immediately be reserved for issuance upon exercise of warrants we have agreed to issue to investors in the financing transaction and for use in the tender offer. The common stock underlying the warrants that have been and are anticipated to be issued in connection with the financing transaction, the shares of common stock anticipated to be issued in the tender offer and the common stock underlying the warrants issued to the counterparties to the Override Agreement, will represent approximately 94.5% of our common stock on a fully diluted basis. The approximately 800 million remaining authorized shares may be issued at the discretion of the Board of Directors, without further shareholder approval, for various purposes, including (without limitation) raising capital and pro
Related Questions
- How do you intend to handle the issue of share certificates for now to enable shareholders trade with them without any inhibition or apprehension?
- Does Thornburg Mortgage intend to issue all 3.5 billion of additional shares it’s asking shareholders to authorize?
- How will additional shares from the split be distributed to registered shareholders?
