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The latest announcement is out from Hampton Financial ( (TSE:HFC) ).
Hampton Financial Corporation has successfully completed a non-brokered private placement of debentures totaling $2.5 million. The debentures, which bear an annual interest rate of 11%, will mature in five years and are intended to support the company’s commercial lending subsidiary, Oxygen Working Capital Corp., as well as for general corporate purposes. This move is expected to bolster Hampton’s financial capabilities and enhance its market positioning by providing additional resources for its lending operations.
More about Hampton Financial
Hampton Financial Corporation is a private equity firm focused on building shareholder value through long-term strategic investments. It operates through its wholly-owned subsidiary, Hampton Securities Limited, offering services in family office, wealth management, institutional services, and capital markets. The company also provides investment banking services, including capital raising and advisory on mergers and acquisitions. Additionally, through its subsidiary Oxygen Working Capital, it offers factoring and commercial financing services across Canada.
Average Trading Volume: 25,187
Technical Sentiment Signal: Sell
Current Market Cap: C$21.24M
Learn more about HFC stock on TipRanks’ Stock Analysis page.