5C Lending Partners Corp. recently issued new equity securities. On September 26, 2024, the company issued 80,000 shares of common stock at $0.001 par value per share to an affiliate of its investment adviser for $2,000,000. Additionally, 515 shares of 12.0% Series A Cumulative Preferred Stock, also at $0.001 par value, were sold at $3,000 per share to qualified individual investors. The terms, including dividend rights, liquidation preference, and voting rights, are detailed in the company’s Articles Supplementary. This preferred stock is not convertible, has voting rights, and comes with certain restrictions and privileges, including a redemption option for the company with specified premiums. The preferred stock is a restricted security under current securities laws and cannot be freely transferred without compliance with those laws.
Names mentioned: - 5C Lending Partners Corp. - 5C Lending Partners Advisor LLC - C. Scott Harrison - Seth Lawry - Robert Gheewalla - Michael Koester - Thomas Connolly