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Special Opportunities Fund, Inc. Announces Completion of Rights Offering
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NEW YORK--(BUSINESS WIRE)--
Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) announced today that its rights offering to purchase up to 2,542,593 shares of a newly issued class of Convertible Preferred Stock at $25.00 per share expired on January 21, 2022.
Based on preliminary results provided by American Stock Transfer & Trust Co., the Fund’s subscription agent, a total of 2,334,954 shares will be issued for which the Fund will receive a total of $58,373,850. It is anticipated that the shares will be issued within the next few days.
