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Boss Holdings Announces Dutch Auction Tender Offer
Boss Holdings Announces Dutch Auction Tender Offer.
About this update from Boss Holdings, Inc.
[{"type":"text","content":"\n\n\n\nBoss Holdings Announces Dutch Auction Tender Offer\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nBoss Holdings Announces Dutch Auction Tender Offer\nPR Newswire\nKEWANEE, Ill., May 16, 2022\n\n\n\nKEWANEE, Ill., May 16, 2022 /PRNewswire/ -- Boss Holdings, Inc. (OTC Markets: \"BSHI\") (\"Boss\" or the \"Company\") announced today that it has commenced a \"Dutch auction\" tender offer (the \"Tender Offer\") to purchase for cash up to $3 million in value of its common stock (the \"Common Stock\") at a price per share not less than $20.00 and not greater than $24.00 per share, less any applicable withholding taxes and without interest, using available cash on hand. The Tender Offer will expire at 5:00 p.m., Central Daylight time, on June 28, 2022, unless extended or earlier terminated in accordance with applicable legal and regulatory requirements.\nAssuming that the conditions to the Tender Offer are satisfied or waived and the Tender Offer is fully subscribed, if the purchase price per share of all acquired shares is $20.00 (the low end of the price range), the Company would purchase 150,000 shares, and if the purchase price per share of all acquired shares is $24.00 (the high end of the price range), the Company would purchase 125,000 shares, representing approximately 7.55% and 6.29%, respectively, of the Company's outstanding Common Stock as of May 12, 2022. If shares having an aggregate purchase price of more than $3,000,000 are tendered in the Tender Offer, the Company reserves the right to accept for purchase pursuant to the Tender Offer up to an additional 2% of its outstanding shares of Common Stock without extending the expiration date. The Company also expressly reserves the right, in its sole discretion, to extend the expiration date of the tender offer, subject to applicable legal and regulatory requirements. Stockholders that do not wish to participate in the Tender Offer do not need to take any action.\nA \"Dutch auction\" tender offer allows stockholders to indicate how many shares of Common Stock and at what price within the sp...