ATLC - Atlanticus Holdings: We Believe A Repurchase Of Common Stock Is Forthcoming

• After the market closed yesterday (June 7, 2021), we observed that Atlanticus announced that it had commenced an underwritten registered public offering.
• We read that the offering is of shares of its Series B Cumulative Perpetual Preferred Stock with several well-known firms as managers.
• We anticipate that Atlanticus could use the proceeds from such an offering to repurchase shares of its common stock, potentially at a substantial premium to the current market.
• We believe that such a repurchase could be a significant positive event for shareholders.
• We will provide an update to our thoughts once the pricing and issuance of the preferred stock has been completed.

For further details see: