CompuCredit (CCRT) Completes Reorganization
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CompuCredit Corporation and CompuCredit Holdings Corporation (NASDAQ: CCRT) announced that they have completed a reorganization establishing CompuCredit Holdings Corporation as a Georgia holding company.
The common stock of CompuCredit Holdings Corporation will commence trading on the NASDAQ Global Select Market on July 1, 2009 under the ticker symbol "CCRT" -- the same symbol under which the shares of CompuCredit Corporation common stock traded. The conversion of shares of CompuCredit Corporation common stock into CompuCredit Holdings Corporation common stock occurred automatically upon consummation of the reorganization. Shareholders need not return stock certificates or otherwise take any action to exchange their former shares of CompuCredit Corporation common stock. In addition, the reorganization will be tax-free for CompuCredit Corporation shareholders.
Immediately following the reorganization, CompuCredit Holdings Corporation and its subsidiaries will conduct the same businesses and operations under the same management as did CompuCredit Corporation. [SM]
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