TheStreet, Inc. (TST) Tops Q3 EPS by 3c, Revs Miss; 5M Share Buyback
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Go back to TheStreet, Inc. (TST) Tops Q3 EPS by 3c, Revs Miss; 5M Share Buyback
November 13, 2017 8:04 AM EST
TheStreet, Inc. (NASDAQ: TST) entered into a new four-year agreement with Jim Cramer, the Company's founder, financial markets commentator and a director of the Company. Mr. Cramer will continue his role trading his multi-million-dollar Charitable Trust portfolio at Action Alerts PLUS... More
November 13, 2017 8:03 AM EST
TheStreet, Inc. (NASDAQ: TST), a leading financial news and information provider, announced today that on November 10, 2017 it exchanged all shares of Series B Preferred Stock held by Technology Crossover Ventures ("TCV") for 6,000,000 shares of the Company's Common Stock and $20,000,000 cash. The retirement of the Series B Preferred Stock removes, among other rights of the holder and restrictions on the Company, a $55 million liquidation preference previously held by TCV.
The Company also announced that on November 10, 2017, it closed a common stock PIPE with 180 Degree Capital Corp. whereby the Company sold 7,136,363 shares of Common Stock for... More
