National Holdings said Tuesday Dec. 9 has been set as record date for the distribution of warrants to purchase the company’s shares as a dividend.
Eligible shareholders will be entitled to receive a warrant to purchase one share of common stock for each share of common stock owned by such person as of the ex-dividend date at an exercise price equal to $3.25 per share, the company said on Tuesday.
The company added that being a shareholder of record on Dec. 9 and selling those shares before the ex-dividend date means the shareholder has “sold their right to receive the warrants” despite the fact that they held the shares on Dec. 9. The ex-dividend date to be established by the Nasdaq Stock Market. NHLD was down 2.3% recently.
By BDL Contributor