Medallion Financial unit Medallion Bank closes USD 55 million Series G preferred stock offering
Bitget2026/09/30 20:05- Medallion Bank, a Medallion Financial unit, closed a public offering of 2,200,000 Series G preferred shares with a USD 55 million liquidation amount.
- Series G has a USD 25 liquidation amount per share. Shares trade on Nasdaq under ticker MBNKO.
- Net proceeds earmarked for general corporate purposes, including potential redemption of outstanding Senior Series E preferred stock subject to FDIC approval.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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