Atrium Mortgage Invest (TSE:AI) has released an update.
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Atrium Mortgage Investment Corporation has launched a public offering of common shares to raise $25 million, with an additional over-allotment option that could bring the total to approximately $28.77 million. The proceeds from this offering, which is expected to close by October 4, 2024, will be used to repay existing debt and provide funding for future mortgage loan opportunities.
For further insights into TSE:AI stock, check out TipRanks’ Stock Analysis page.
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