Looking to Next Step – Acquisition Opportunities
CRANFORD, N.J., Sept. 02, 2020 (GLOBE NEWSWIRE) -- Enzon Pharmaceuticals, Inc. (the “Company” or “Enzon”) (OTC:ENZN) today announced that its 20...
Under the board approved rights offering to existing shareholders, Enzon Pharmaceuticals' (OTC:ENZN) seeks to distribute one transferable subscription right for each outstanding share of common stock owned.For every 1,105 subscription rights held, a shareholder will be entitled to purchase one unit.Enzon plans to offer 40K units at a subscription price of $1,090/unit; each unit will consist of one preferred share par value $1,000, and 750 common stock shares.With no voting rights, preferred stock holders will be entitled to receive cumulative dividends at the rate per share of 3% p.a., if paid in cash, or 5% p.a., if paid in-kind.