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April 2, 2014
08:33 EDTNYNYEmpire Resorts announces commencement of rights offering
Empire Resorts announced that it has commenced a rights offering for approximate gross proceeds of $15,390,000. Empire has granted, at no charge to the holders of record of its common stock and Series B Preferred Stock on March 31, the record date for the rights offering, one non-transferable subscription right for each 15 shares of common stock owned, or into which the Series B Preferred Stock is convertible, as more fully described in the prospectus supplement relating to the rights offering. Each subscription right will entitle the holder to purchase one share of common stock at a subscription price of $6.25 per share. In addition, holders of subscription rights who fully exercise their basic subscription rights are entitled to oversubscribe for additional shares of common stock up to the number of shares purchased pursuant to the exercise of their basic subscription rights. The subscription offering is expected to expire on April 30, subject to extension or earlier termination. The company will not issue subscription rights to acquire fractional shares of its common stock but rather will round down the aggregate number of shares for which shareholders may subscribe to the nearest whole share. Shareholders who hold their shares directly will receive a prospectus, together with a letter from the company describing the rights offering, a subscription rights certificate and an IRS Form W-9.
News For NYNY From The Last 14 Days
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September 17, 2014
15:00 EDTNYNYEmpire Resorts volatility increases on sharp rally
Empire Resorts October call option implied volatility is at 138, December is at 129, March is at 116; compared to its 26-week average of 88 according to Track Data suggesting large price movement.
10:48 EDTNYNYHigh option volume stocks
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