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Spectrum Group International, Inc. - SPGZ STOCK NEWS

Welcome to our dedicated page for Spectrum Group International news (Ticker: SPGZ), a resource for investors and traders seeking the latest updates and insights on Spectrum Group International stock.

Spectrum Group International is a global trading and collectibles network that specializes in precious metal products like gold, silver, platinum, and palladium. They are also a lender offering loans secured by precious metals and rare coins. With total revenue exceeding $6.0 billion in fiscal year 2010, they are now a Fortune 500 company. Their trading activities are conducted through A-Mark Precious Metals, a major seller of bullion coins and bullion gold, silver, and platinum.

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Spectrum Group International (SPGZ) announced the completion of its cash election merger on July 9, 2024, transitioning into a wholly-owned subsidiary of a new holding company, renamed Spectrum Group International (New SGI). The merger, executed by filing a certificate of merger with Delaware's Secretary of State, allowed eligible shareholders to choose between cash consideration or shares in New SGI. Out of 2,035 outstanding shares, holders of 1,865 shares opted for New SGI stock, while the remaining shareholders will receive $22,000 per share in cash. Equiniti Trust Company will manage the uncertificated shares as the new Registrar and Transfer Agent.

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Spectrum Group International (SPGZ) has announced an extension to the election deadline for its proposed cash election merger. Eligible shareholders now have until June 28, 2024, to choose between receiving $22,000 per share in cash or shares in a new holding company. The previous deadline was June 24, 2024. No other terms of the merger have changed. Shareholders are advised to consult the Consent and Election Statement for detailed information about the election process and the merger's specifics. Equiniti Trust Company, will serve as Tabulation and Exchange Agent, and D.F. King & Co. will act as Information Agent for the merger.

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Spectrum Group International (SPGZ) announced an extension for the election deadline regarding its proposed cash election merger. Shareholders now have until June 24, 2024, to decide whether to receive $22,000 per share in cash or shares in a new holding company. The extension aims to give shareholders more time to make informed decisions. All other merger terms remain unchanged. The Consent and Election Statement contains essential details, with Equiniti Trust Company managing tabulation and exchange, and D.F. King & Co. providing information services.

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Spectrum Group International (SPGZ) announced an extension of deadlines for its proposed cash election merger. Shareholders can now submit their consent for the merger until May 31, 2024, and make their election to receive either $22,000 per share or shares in a new holding company by June 14, 2024. The original deadline was May 17, 2024, for consent and May 31, 2024, for election. All other terms of the merger remain unchanged. April 23, 2024, is the record date for shareholders eligible for the consent solicitation. Equiniti Trust Company is the Tabulation and Exchange Agent, and D.F. King & Co. is the Information Agent for this process.

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Spectrum Group International, Inc. (SPGZ) announced a proposal for a cash election merger, offering eligible shareholders $22,000 per share or shares in a new holding company. Accredited investors owning more than three shares can choose between cash or stock, while others will receive cash. The merger aims to engage financially sophisticated shareholders and eliminate disengaged investors. Shareholders need to provide written consents for approval, with Equiniti Trust Company, and D.F. King & Co., Inc. serving as agents for the process.
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FAQ

What does Spectrum Group International do?

Spectrum Group International operates as a global trading and collectibles network specializing in precious metal products and rare coins. They also offer loans secured by these assets.

What are the core products of Spectrum Group International?

Spectrum Group International deals with precious metal products such as gold, silver, platinum, and palladium. They also auction coins and offer lending services.

How successful is Spectrum Group International?

With total revenue exceeding $6.0 billion in 2010, Spectrum Group International has positioned itself as a global leader in the precious metals market.

Who are the subsidiaries of Spectrum Group International?

Spectrum Group International's subsidiaries include A-Mark Precious Metals, Collateral Finance Corporation, and Stack's-Bowers Numismatics, LLC, among others.

Where does Spectrum Group International operate?

Spectrum Group International has offices and auction houses in North America, Europe, and Asia, conducting global trading operations.

What is the significance of A-Mark Precious Metals?

A-Mark is one of the largest private sellers of bullion coins and bullion gold, silver, and platinum to wholesale markets.

How does Spectrum Group International provide financing?

Through its subsidiary Collateral Finance Corporation, Spectrum Group International offers financing on a wide array of bullion and numismatic products.

What is Spectrum Group International's involvement in auctions?

Spectrum Group International conducts auctions through traditional live events and online auctions, selling various collectibles and rare items.

What is the role of Spectrum Wine Auctions in the company?

Through its 38% interest in Spectrum Wine Auctions, Spectrum Group International is engaged in the sale of rare and fine vintage wines.

How can I contact Spectrum Group International for more information?

For more information, you can contact Spectrum Group International at groberts@spectrumgi.com or call 949-748-4800.

Spectrum Group International, Inc.

OTC:SPGZ

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United States of America
Irvine