Nicholas Financial | Auto Finance News | Page 4 | Auto Finance News - Part 4

Prospect Capital’s Acquisition of Nicholas Delayed

Prospect Capital Corp. no longer expects its acquisition of Nicholas Financial Inc. to close by June 12 as originally planned, according to a Securities and Exchange Commission filing. The deal will be delayed because the SEC has asserted that certain unconsolidated holding company subsidiaries that Prospect has invested in should be consolidated.

Prospect Capital’s Acquisition of Nicholas Delayed

Prospect Capital Corp. no longer expects its acquisition of Nicholas Financial Inc. to close by June 12 as originally planned, according to its SEC 10-Q filing this week. Prospect said in the filing that the deal will be delayed because the SEC has asserted that certain unconsolidated holding company subsidiaries that Prospect has invested in should be consolidated.

NASDAQ Commences Nicholas Delisting

Nicholas Financial Inc. said it was notified by The Nasdaq Stock Market that as a result of the company’s failure to hold an annual shareholder meeting within the required timeframe, Nasdaq will begin proceedings to delist the company’s securities from The Nasdaq Stock Market.  The company revealed the news in an April 3 SEC filing. […]
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