Atlanticus Hldgs (ATLC) to Offer Series B Cumulative Perpetual Preferred Stock

Atlanticus Holdings Corporation (NASDAQ: ATLC) commenced an underwritten registered public offering of shares of its Series B Cumulative Perpetual Preferred Stock, no par value and liquidation preference of $25.00 per share (the “Preferred Stock”). The Company expects to grant the underwriters a 30-day option to purchase additional shares of the Preferred Stock in connection with the offering.

The Company expects to use the net proceeds of this offering for general corporate purposes, including the repurchase of common stock.

B. Riley Securities, Inc., Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc. and William Blair & Company are acting as book-running managers for this offering. Aegis Capital Corp. and Maxim Group LLC are acting as co-managers for this offering.

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