Selway Capital Acquisition Corporation closed an Equity Buyback in the amount of $8.65 mm
Only holders of Series B Shares are entitled to participate in the Offer, and holders of our Series C Shares of common stock and our other securities are not entitled to participate in the Offer, The securities will be retired and cancelled, expiry date of the tender offer is June 10, 2013 unless the offer is extended.
Only Series B Shares that are validly tendered and not properly withdrawn will be purchased pursuant to the Offer. Series B Shares tendered pursuant to the Offer but not purchased in the Offer will be returned at expense promptly following the expiration of the Offer.
On June 17, 2013, the company announced the extension of its tender offer till July 15, 2013.
On July 26, 2013, the company announced the extension of its tender offer till August 13, 2013. As of May 9, 2013, the company has 10,442,457 outstanding shares of Common Stock, including 839,965 Series B Shares of Common Stock.
American Stock Transfer & Trust Company, LLC acted as Depository Bank and Advantage Proxy,LLC acted as Information Agent to the company.
Selway Capital Acquisition Corporation tender offer closed on August 13, 2013.