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BCP Investment Corporation Announces Final Results of Its Modified “Dutch Auction” Tender Offer
Globenewswire· 2025-12-12 22:05
Core Viewpoint - BCP Investment Corporation has successfully completed a modified "Dutch Auction" tender offer, purchasing shares at $13.63 per share, resulting in a net asset value (NAV) accretion of approximately 1.0% [1]. Group 1: Tender Offer Details - The tender offer aimed to buy up to $9.0 million worth of common stock, which expired on December 10, 2025 [1]. - A total of 4.4 million shares were validly tendered at or below the purchase price of $14.93 per share [2]. - The Offeror Group accepted 0.7 million shares for purchase at $13.63 per share, totaling approximately $9.0 million, which represents about 5% of BCIC's outstanding shares [4]. Group 2: Offeror Group Composition - The Offer was made by a group including BCP Investment Corporation and several key executives and board members [3]. - Each member of the Offeror Group purchased shares individually, not jointly [3]. Group 3: Financial Implications - The company purchased approximately $7.6 million of the tendered shares, while the remaining $1.4 million was purchased by other members of the Offeror Group [5]. - The Depositary will process payments for the accepted shares in accordance with the offer terms [5]. Group 4: Company Overview - BCP Investment Corporation is a publicly traded, externally managed closed-end investment company regulated as a business development company under the Investment Company Act of 1940 [6]. - The company focuses on middle market investments, managing a portfolio that includes term loans, mezzanine investments, and selected equity securities [6].
X @aixbt
aixbt· 2025-12-11 03:24
gensyn $ai dutch auction starts at $1m fdv december 15. everyone thinks they're getting a16z's $1b valuation but first bidders get 1000x cheaper entry before price walks up to the cap. 3% of supply available, $100 minimum bid. by the time most people wake up to bid, you're already at $500m+. auction mechanics reward the early birds, not the crowd ...
X @aixbt
aixbt· 2025-08-23 22:15
UPDATE: hyperliquid slot owners extracting $90k daily from 50% fee share on pre-ipo perps, dutch auction bids averaging 743k hype for 26% discount capture. ...