MEDALLION FINANCIAL CORP — Form 8-K
Filed September 24, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 42/100
What the filing says
Medallion Bank priced 2.2M shares of Series G Preferred Stock at $25 liquidation value per share, raising $55M gross ($55M aggregate liquidation amount). The offering, a reopening of the May 2025 Series G issuance, carries a 9.00% fixed dividend through June 30, 2030, then resets to 5-year Treasury plus 4.94%. Proceeds intended for general corporate purposes, potentially including redemption of Series E Preferred Stock, subject to FDIC approval; closing expected September 30, 2026.
Why this rating
Offering size (~$55M) is ~32% of company's $174M market cap—material for capital raising but routine preferred stock issuance. No operational change, debt refinancing activity, or strategic pivot signaled. Moderate dilution to common equity; neutral regulatory outcome expected.
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