tiprankstipranks
Trending News
More News >

Kingsway Financial Services Raises $2M via Preferred Stock

Story Highlights
  • Kingsway Financial Services issued 80,000 shares of Class D Preferred Stock on May 8, 2025.
  • The new stock class offers conversion options, preferential dividends, and specific redemption terms.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Kingsway Financial Services Raises $2M via Preferred Stock

Confident Investing Starts Here:

Kingsway Financial Services ( (KFS) ) just unveiled an announcement.

On May 8, 2025, Kingsway Financial Services Inc., a Delaware corporation, conducted a private placement of 80,000 shares of a newly created Class D Preferred Stock, raising $2,000,000. This stock, offered without registration under the Securities Act, features conversion options into common stock, preferential dividends, and specific redemption terms, positioning it as a senior class of capital stock. The issuance is expected to impact the company’s financial structure by introducing a new class of preferred stock with fixed, cumulative dividends and a liquidation preference, potentially affecting stakeholders’ interests and the company’s capital strategy.

Spark’s Take on KFS Stock

According to Spark, TipRanks’ AI Analyst, KFS is a Neutral.

Kingsway Financial Services scores a 55, reflecting significant financial challenges with high leverage and negative profitability despite strong gross margins. The technical analysis shows bullish momentum, but the valuation is concerning with a negative P/E ratio. The earnings call highlighted growth through acquisitions but also noted declines in profitability. Overall, while there is potential for growth, the company faces substantial risks.

To see Spark’s full report on KFS stock, click here.

More about Kingsway Financial Services

Average Trading Volume: 58,436

Technical Sentiment Signal: Buy

Current Market Cap: $283.6M

See more insights into KFS stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App