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MarketScreener Homepage  >  Equities  >  Nyse  >  Great Ajax Corp.    AJX

GREAT AJAX CORP.

(AJX)
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GREAT AJAX CORP. : Unregistered Sale of Equity Securities (form 8-K)

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06/03/2020 | 05:39pm EDT

Item 3.02 Unregistered Sales of Equity Securities

On June 3, 2020, Great Ajax Corp., a Maryland corporation (the "Company"), closed a private placement of $20 million of the Company's preferred stock and warrants to affiliates of Magnetar Capital, LLC (the "Purchasers") pursuant to the exercise by the Purchasers of the option described in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on April 6, 2020. Pursuant to the option exercise, the Company issued 375,000 shares of the Company's 7.25% Fixed-to-Floating Rate Series A Preferred Stock (the "Series A Preferred Stock"), 425,000 shares of the Company's 5.00% Fixed-to-Floating Rate Series B Preferred Stock (the "Series B Preferred Stock," and together with the Series A Preferred Stock, the "Preferred Stock"), each for $25.00 per share, and two series of warrants (the "Warrants") to purchase an aggregate of 1,000,000 shares of the Company's common stock, par value $0.01 per share, at an exercise price of $10.00, with an exercise period expiring on April 6, 2025. The Warrants include a put option that will allow the Purchasers to sell the Warrants to the Company at a specified put price on or after July 6, 2023. The Company issued the Preferred Stock and Warrants to the Purchasers in reliance on the exemption from registration under the Securities Act of 1933, as amended (the "Securities Act"), provided by Section 4(a)(2) of the Securities Act.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2020 51,5 M - -
Net income 2020 17,6 M - -
Net Debt 2020 - - -
P/E ratio 2020 10,3x
Yield 2020 10,2%
Capitalization 187 M 187 M -
EV / Sales 2019
Capi. / Sales 2020 3,62x
Nbr of Employees 1
Free-Float 87,0%
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Technical analysis trends GREAT AJAX CORP.
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Mean consensus BUY
Number of Analysts 4
Average target price 12,88 $
Last Close Price 8,14 $
Spread / Highest target 96,6%
Spread / Average Target 58,2%
Spread / Lowest Target 29,0%
EPS Revisions
Managers
NameTitle
Lawrence A. Mendelsohn Chairman & Chief Executive Officer
Russell A. Schaub President & Director
Mary B. Doyle Chief Financial Officer
Steve L. Begleiter Independent Director
J. Kirk Ogren Independent Director
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