Analyst Research

Report Title Price
Provider: New Constructs, LLC
Provider: Thomson Reuters Stock Report
Provider: Stock Traders Daily
Provider: ValuEngine, Inc.

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Cache Inc Announces Expiration Of Rights Offering

Friday, 26 Apr 2013 08:23am EDT 

Cache Inc announced the expiration of the subscription period for its previously announced $8.0 million rights offering. The subscription period for the rights offering expired on April 25, 2013. Preliminary results indicate that basic subscription rights to purchase approximately 4,623,761 shares of common stock were exercised, including the exercise in full by each of MFP Partners, L.P. and Mill Road Capital, L.P. of their full basic subscription rights. The rights offering together with the transactions contemplated by the Investment Agreement entered into with MFP Partners, L.P., Mill Road Capital, L.P. and Jay Margolis (the Backstop and Investment Agreement), both of which are expected to close on May 1, 2013, will result in gross proceeds to Cache of approximately $13 million. Cache will not issue any shares pursuant to the exercise of oversubscription rights in connection with the rights offering. Any excess subscription payments received by the subscription agent will be returned, without interest, as soon as practicable. 

Company Quote

-0.0029 -0.46%
11:51am EDT