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The latest update is out from Sound Point Meridian Capital, Inc. ( (SPMC) ).
On July 8, 2025, Sound Point Meridian Capital, Inc. entered into an underwriting agreement for the issuance and sale of 2,300,000 shares of its 7.785% Series B Preferred Shares, which are expected to be listed on the New York Stock Exchange under the symbol ‘SPME’. The closing of this offering occurred on July 15, 2025, and the shares come with a liquidation preference and a fixed annual dividend rate of 7.875%. The company has set a mandatory redemption date for these shares on July 31, 2030, and outlined conditions under which dividends may not be paid, as well as voting rights for shareholders.
The most recent analyst rating on (SPMC) stock is a Buy with a $22.50 price target. To see the full list of analyst forecasts on Sound Point Meridian Capital, Inc. stock, see the SPMC Stock Forecast page.
More about Sound Point Meridian Capital, Inc.
Average Trading Volume: 24,790
Technical Sentiment Signal: Strong Sell
For an in-depth examination of SPMC stock, go to TipRanks’ Overview page.