Kingsway Financial Services Inc (KFS.N) Key Developments | Reuters.com
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Kingsway Financial Services Inc (KFS.N)

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Latest Key Developments (Source: Significant Developments)

Kingsway to acquire CMC Industries Inc
Thursday, 19 May 2016 09:17am EDT 

Kingsway Financial Services Inc : Unit will acquire 81% of issued and outstanding capital stock of CMC for a purchase price of $1,500,000 . Deal for $1.5 million . Unit entered purchase agreement with CRIC TRT Acquisition Llc to purchase 81% of capital stock of CMC Industries, Inc .Kingsway enters into definitive agreement to acquire CMC Industries, Inc.  Full Article

Kingsway Financial Services Inc Acquires Common Shares of Kobex Capital Corp.
Wednesday, 9 Sep 2015 10:25pm EDT 

Kingsway Financial Services Inc:Acquired ownership and control over 4,299,500 common sharesof Kobex Capital Corp. (Kobex).Says at price of $0.65 per share, representing about 9.45% of the issued and outstanding common shares of Kobex based on 45,481,387 Common Shares issued and outstanding as of August 19, as stated by Kobex in its management discussion & analysis for the second financial quarter ended June 30.  Full Article

Kingsway announces sale of Assigned Risk Solutions Ltd. to National General Holdings Corp
Wednesday, 1 Apr 2015 09:00am EDT 

Kingsway Financial Services Inc:Has closed on the sale of its subsidiary, Assigned Risk Solutions Ltd. (ARS), to National General Holdings Corp. (National General) for $47 million in cash and potential future earnout payments.  Full Article

Kingsway Financial Services Inc announces consummation of over-allotment option of subsidiary 1347 Capital Corp
Wednesday, 23 Jul 2014 06:36pm EDT 

Kingsway Financial Services Inc:Says the consummation of the option to purchase an additional 600,000 units that its subsidiary 1347 Capital Corp. had granted to the underwriters of its previously announced initial public offering for additional gross proceeds of $6.0 million.As a result, 1347 Capital has issued a total of 4.6 million units in its initial public offering, generating total gross proceeds of $46.0 million.Each unit issued in the initial public offering consists of one share of common stock, one right to receive one-tenth of a share of common stock automatically on the consummation of an initial business combination.And one warrant to acquire one-half of one share of common stock at a price of $11.50 per full share of common stock.EarlyBirdCapital, Inc. acted as sole book-running manager.Aegis Capital Corp. acted as co-manager.  Full Article

Kingsway announces completion of $40 million initial public offering of subsidiary 1347 Capital Corp
Monday, 21 Jul 2014 04:01pm EDT 

Kingsway Financial Services Inc:Announces the completion of the previously announced initial public offering by its subsidiary 1347 Capital Corp. (1347 Capital) of four million units at a price of $10.00 per unit for total gross proceeds of $40 million.Each unit issued in the initial public offering consists of one share of common stock.Granted the representative of the underwriters a 45-day option to purchase up to 600,000 additional units to cover over-allotments, if any.EarlyBirdCapital, Inc. acted as sole book-running manager for the offering.Aegis Capital Corp. acted as co-manager for the offering.  Full Article

Kingsway Financial Services Inc Announces Pricing of Initial Public Offering of Subsidiary 1347 Capital Corp.
Tuesday, 15 Jul 2014 07:25pm EDT 

Kingsway Financial Services Inc:Announces pricing of initial public offering by its subsidiary 1347 Capital Corp. of four million units at a price to the public of $10.00 per unit.1347 Capital was formed for the purpose of entering into a merger, share exchange, asset acquisition or other similar business combination with one or more businesses or entities.Each unit issued in the initial public offering consists of one share of common stock, one right to receive one-tenth of a share of common stock automatically on the consummation of an initial business combination.Says one warrant to acquire one-half of one share of common stock at a price of $11.50 per full share of common stock.1347 Capital has granted the representative of the underwriters a 45-day option to purchase up to 600,000 additional units to cover over-allotments, if any.The units are expected to begin trading Wednesday, July 16, 2014, on The NASDAQ Capital Market under the symbol TFSCU.The securities comprising the units will begin separate trading on Oct. 13, 2014, unless EarlyBirdCapital, Inc. determines that an earlier date is acceptable.Says once the securities comprising the units begin separate trading, the common stock, warrants and rights are expected to be traded on Nasdaq under the symbols "TFSC," "TFSCW" and "TFSCR," respectively.EarlyBirdCapital, Inc. acted as sole book-running manager.Aegis Capital Corp. acted as co-manager.  Full Article

BRIEF-Kingsway to acquire CMC Industries Inc

* Unit will acquire 81% of issued and outstanding capital stock of CMC for a purchase price of $1,500,000