Callan JMB raises $1.5 million in private share sale to CEO, management team
CJMB•Callan JMB raised $1.5 million through common stock purchases by CEO Wayne Williams and executive team members at $1.10 per share, a premium to the market price. The company expects to use the proceeds for strategic growth initiatives and other corporate objectives.
1. Share sale details
Callan JMB raised $1.5 million through common stock purchases by CEO Wayne Williams and executive team members. The common-only transaction was priced at $1.10 per share, a premium to the market price.
2. Use and resale terms
The company expects the proceeds to support strategic growth initiatives and other corporate objectives. The shares carry no registration rights, and resales are subject to SEC Rule 144 holding periods and other conditions.
