17-Mar-16 07:59 ET
Vince Holding priced previously announced non-transferable rights offering with subscription price of $5.50 per whole share of common stock (7.74)
Under the terms of the Rights Offering, Vince will distribute at no charge to the holders of its common stock on March 23, 2016 (the “Record Date”), non-transferable rights to purchase up to an aggregate of 11,818,181 new shares of its common stock. Vince will distribute to each such holder, one non-transferable right for every share of its common stock owned as of the Record Date (1 for 1). Each right will entitle the holder to purchase approximately 0.3191 shares of common stock at the subscription price of $5.50 per whole share of common stock.
Courtesy of Briefing.com
Sells all of VNCE 6.98 plus 3.36
With the dilution and the lower guidance a couple of weeks ago I will sit on the sidelines.