Underwriters exercise Kingsway over allotment option

Underwriters have exercised their over allotment option to purchase 610,000 common shares of Kingsawy Financial Services (NYSE, TSX: KFS) following a public offering that closed earlier this month.
The syndicate of underwriters, led by Scotia Capital Inc., purchased the shares for $16.70 each, for additional proceeds of $10.2 million.
Total gross proceeds from the earlier offering and the over allotment now total $112.1 million, for net proceeds of $107.6 million.