MEDALLION FINANCIAL CORP — Form 8-K
Filed September 22, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 42/100
What the filing says
Medallion Bank announced a public offering of additional shares of Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G (par $1.00, liquidation value $25/share) on September 22, 2026, reopening its original May 22, 2025 issuance. Underwriters (Piper Sandler, Lucid Capital Markets, Muriel Siebert, A.G.P./Alliance Global Partners, Ladenburg Thalmann as joint book-runners) will receive a 30-day over-allotment option. Net proceeds will support general corporate purposes, potentially including redemption of outstanding Series E Preferred Stock pending FDIC approval. Specific offering size and pricing not disclosed in this announcement.
Why this rating
Capital-raising activity is normal for a bank; modest specifics disclosed; dollar amounts and share count undefined; size unknown relative to $174M market cap.
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