Origen Financial (ORGN) Up Over 60%
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Origen Financial (Nasdaq: ORGN) has moved up over 60% today after Origen issued a press release announcing its new financing to pay off existing loans.
Origen noted that as per the financing, it issued 5-year warrants to the lender to buy 2.6 million common shares at an exercise price of $1.22 per share, which equals the closing price for Origen common stock on April 7, 2008.
Origen is currently trading up $0.91 at $2.26. [JT]
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Origen noted that as per the financing, it issued 5-year warrants to the lender to buy 2.6 million common shares at an exercise price of $1.22 per share, which equals the closing price for Origen common stock on April 7, 2008.
Origen is currently trading up $0.91 at $2.26. [JT]
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