MCAN Mortgage (TSE:MKP) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
MCAN Financial Group has initiated an overnight marketed offering to raise $20 million through the sale of common shares, with an additional over-allotment option of $3 million. The proceeds are intended to support the company’s residential mortgage and construction lending businesses. This offering is subject to customary market conditions and the approval of the Toronto Stock Exchange, with completion anticipated around March 28, 2024.
For further insights into TSE:MKP stock, check out TipRanks’ Stock Analysis page.