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Heritage Global Inc. Announces Filing of Form S-3 to Replace Expired Shelf Registration Statement
SAN DIEGO--(BUSINESS WIRE)-- Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HG” or “the Company”), an asset services company specializing in
About this update from Heritage Global Inc.
[{"type":"text","content":" SAN DIEGO--(BUSINESS WIRE)--\nHeritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HG” or “the Company”), an asset services company specializing in financial and industrial asset transactions, announced that it has filed a universal shelf registration statement on Form S-3 with the United States Security and Exchange Commission, replacing a previous universal shelf registration on Form S-3 that expired September 15, 2023.\n\n\nOnce declared effective by the SEC, the new shelf registration statement will provide Heritage Global the flexibility to, from time-to-time, publicly offer and sell debt securities, common stock, preferred stock, warrants and other securities in amounts, at prices and on terms announced if and when the securities are ever offered. The specifics of any potential future offerings, along with the use of proceeds of any such securities offered by the company, would be described in detail in a prospectus supplement at the time of any such offering.\n\n\nHeritage Global Chief Executive Officer Ross Dove commented, “As noted, the shelf filing was a renewal of our prior filing, which was set to expire. Having a shelf available is appropriate, as it preserves our flexibility. That said, we have no current plans to raise equity capital, as we continue to successfully generate the funds needed to support our growth.”\n\n\nThe shelf registration statement relating to these securities has been filed with the SEC but has not yet become effective. The securities referred to in this press release may not be sold nor may offers to buy be accepted prior to the time the registration statement is declared effective by the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.\n\n\nAbout Heritage Global Inc. (“HG”)\n\n\nHeritage Global Inc. (NASDAQ: HGBL) values and monetizes industrial & financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. This aids in facilitating the circular economy by diverting useful industrial assets from landfills and operating an ethical supply ...