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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)

06/03/2020 | 05:39pm EST

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.

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Financials (USD)
Sales 2020 56,4 M - -
Net income 2020 17,3 M - -
Net Debt 2020 - - -
P/E ratio 2020 13,5x
Yield 2020 7,31%
Capitalization 236 M 236 M -
Capi. / Sales 2020 4,19x
Capi. / Sales 2021 3,69x
Nbr of Employees 1
Free-Float 86,9%
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Technical analysis trends GREAT AJAX CORP.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 12,00 $
Last Close Price 10,26 $
Spread / Highest target 26,7%
Spread / Average Target 17,0%
Spread / Lowest Target 7,21%
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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