Park-Ohio Holdings Corporation
08/27/2024 | Press release | Distributed by Public on 08/27/2024 14:09
Private Placement Form 8 K
| Item 3.02 |
Unregistered Sales of Equity Securities. |
On August 26, 2024, Park-Ohio Holdings Corp., an Ohio corporation (the "Company"), agreed to issue and sell an aggregate of 148,612 shares of the Company's common stock, par value $1.00 per share (the "Shares"), at a price of $30.28 per share, or approximately $4.5 million in the aggregate, pursuant to Stock Purchase Agreements, each dated August 26, 2024 (the "Stock Purchase Agreements"), between the Company and each of Matthew V. Crawford, Chairman and Chief Executive Officer of the Company, in his individual capacity and not in his capacity as an officer of the Company, and Crawford Capital Enterprises, LLC, a Delaware limited liability company (the "Purchasers"). The Company completed the issuance and sale of the Shares on August 27, 2024.
The Shares were issued and sold on a private offering basis in reliance on an exemption from the registration requirements of the Securities Act of 1933 pursuant to Section 4(a)(2) thereof and/or Rule 506 of Regulation D thereunder, in each case, pursuant to the representations each of the Purchasers made to the Company pursuant to the Stock Purchase Agreements.
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