In response to the phrases of the tender supply, shareholders will be capable to tender as much as 7.3% of the shares beneath their names on the register, with the choice to go for further shares if others tender lower than their fundamental entitlement.
The tender value represents a premium of 63% to the closing market value per share of $0.47 on 2 Might, in keeping with USF’s knowledge.
It permits for the acquisition of as much as 24.35 million shares at a value of $0.764 per share. That is equal to a $0.78 NAV per share, as of 31 December 2023.
US Photo voltaic Fund confirms $19m tender supply and eyes US non-public debt…
