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ArrowMark Financial Corp. ( (BANX) ) has issued an announcement.
On January 22, 2026, ArrowMark Financial Corp. entered into a dealer manager agreement with ArrowMark Asset Management and UBS Securities to launch a transferable rights offering that commenced the same day, allowing shareholders of record as of January 22 to subscribe for up to 2,604,156 new common shares at a rate of one share for every three rights held, with provisions for over-subscription and a minimum allocation for smaller holders. The company also signed agreements with Equiniti Trust Company as subscription agent and EQ Fund Solutions as information agent, and set an expiration date of February 18, 2026 for the exercise of rights and related guaranteed delivery procedures, a capital-raising move that, if fully subscribed, would significantly expand its share count and provide additional funding for its investment activities, affecting existing shareholders through potential dilution alongside the opportunity to maintain or increase their ownership stakes.
The most recent analyst rating on (BANX) stock is a Buy with a $24.50 price target. To see the full list of analyst forecasts on ArrowMark Financial Corp. stock, see the BANX Stock Forecast page.
Spark’s Take on BANX Stock
According to Spark, TipRanks’ AI Analyst, BANX is a Outperform.
ArrowMark Financial Corp. scores well due to strong technical indicators and attractive valuation metrics. The positive corporate event further supports the stock’s outlook. However, financial performance challenges, particularly in revenue and EBIT volatility, moderate the overall score.
To see Spark’s full report on BANX stock, click here.
More about ArrowMark Financial Corp.
ArrowMark Financial Corp., which trades on the NASDAQ under the ticker BANX, is a closed-end fund that issues common stock to investors and operates in the financial services and investment management space, with ArrowMark Asset Management, LLC serving as its asset manager. The fund accesses capital markets through registered offerings of its common shares to its shareholder base and the broader investing public.
Average Trading Volume: 36,034
Technical Sentiment Signal: Buy
For an in-depth examination of BANX stock, go to TipRanks’ Overview page.