Telemedicine company LifeMD Inc (LFMD) has announced they will be selling a new preferred stock issue. The announced quantity of shares is 1.4 million, plus up to 210,000 for over allotment. LifeMD was previously named Conversions Labs.
The offering will be another with B Riley Securities involvement so this means another issue with bonus payments for early redemption. Starting in October, 2022 the issue will be redeemable at $25.75 and then reducing 25 cents each year until October, 2025 after which the issue will be redeemable at $25 (all including accrued dividends of course).
Additionally the company will establish a segregated account to prefund the 1st 8 quarters of preferred stock dividends.
I am not familiar what so ever with LifeMD so will have to dig a bit to get some data. The company website is here.
Early Bird dug out this offering.