$2 a share
$2.50 a share
$2.50
$1.35 a share
$1.15
$2.00
$1.35
A little more than $1.00
$0.50 per share
What will be the increase in the conversion price per share if the loan is extended?
McAlpine
The McAlpine family
Haden MacLellan Holding
McAlpine family interests
William Feniger
Public offering
Surrey, England
Haden MacLellan Holding PLC of Surrey, England
To whom did Meridian sell 10.2% of its shares?
8
1,500,000 shares
1.5 Million
750,000 shares
5 milliion
1,500,000
750,000
How many total shares of stock has Meridian sold to two companies recently?
Meridian National Corp. said it sold 750,000 shares of its common stock to the McAlpine family interests, for $1 million, or $1.35 a share. The sale represents 10.2% of Meridian's shares outstanding. The McAlpine family, which operates a number of multinational companies, including a London-based engineering and construction company, also lent to Meridian National $500,000. That amount is convertible into shares of Meridian common stock at $2 a share during its one-year term. The loan may be extended by the McAlpine group for an additional year with an increase in the conversion price to $2.50 a share. The sale of shares to the McAlpine family along with the recent sale of 750,000 shares of Meridian stock to Haden MacLellan Holding PLC of Surrey, England and a recent public offering have increased Meridian's net worth to $8.5 million, said William Feniger, chief executive officer of Toledo, Ohio-based Meridian. 