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National Holdings Corp.
Ticker Symbol: NHLD* CUSIP: 636375107 Exchange: NCM
* NOTE: This security is no longer trading as of 2/26/21
Company's Online Profile
BUSINESS: National Holdings Corp. is a full-service investment banking and asset management firm that provides a range of services, including independent retail brokerage and advisory services, investment banking, institutional sales and trading and equity research, financial planning, market making, tax preparation, insurance and annuities, to corporations, institutional investors and high net-worth clients. With over 1,100 independent advisors, brokers, traders and sales associates, the Company is a leading Independent Advisor and Broker services company. National Holdings operates through five subsidiaries: National Securities Corporation, vFinance Investments, Inc., National Insurance Corp., National Asset Management, Inc. and Gilman Ciocia, Inc. The Company was founded in 1947 and is headquartered in New York and Florida.
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Notes: Feb 26, 2021 -- January 11, 2021, National Holdings Corporation, a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger, dated as of January 10, 2021 (the “Merger Agreement”), with B. Riley Financial, Inc., a Delaware corporation (“Parent”), and B. Riley Principal Merger Corp. III, a Delaware corporation and a wholly-owned subsidiary of Parent (“Merger Sub”). Pursuant to the Merger Agreement, on January 27, 2021, Merger Sub commenced a tender offer (the “Offer”) to purchase all of the issued and outstanding shares of common stock, $0.02 par value per share, of the Company (the “Shares”), owned by the Company stockholders other than Parent and its subsidiaries, at a price of $3.25 per Share (the “Offer Price”), net to the seller in cash, without interest, and subject to any required withholding of taxes. The Offer expired at 12:00 midnight, New York City time, on February 25, 2021 (one minute after 11:59 P.M., New York City time, on February 24, 2021) (such time and date, the “Expiration Date”). Computershare Trust Company, N.A., in its capacity as depositary for the Offer, advised Merger Sub that, as of the Expiration Date, 4,934,502 Shares (excluding Shares (i) with respect to which Notices of Guaranteed Delivery were delivered and (ii) tendered by the Excluded Holders (as defined below)) were validly tendered and not withdrawn pursuant to the Offer, which represented approximately 70.01% the Shares outstanding at the Expiration Date that were not held by Parent, any of its subsidiaries, directors, or executive officers or the current Chief Executive Officer, Chief Financial Officer and Chief Operating Officer of the Company (collectively, the “Excluded Holders”). All of the conditions to the Offer, including the Minimum Tender Condition (as defined in the Merger Agreement), were satisfied or waived, and on February 25, 2021, Merger Sub irrevocably accepted for payment all Shares that were validly tendered and not withdrawn.
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IPO - 1/1/1900
Micro Cap Stock -
Market Value $ 54.8 Million
Yahoo News Summary for NHLD*
YAHOO! Profile for NHLD*
Yahoo Detailed Quote
MarketWatch Quote
MSN Company Report for NHLD*
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 410 Park Avenue, 14th Floor, New York, NY 10271 |
| Main Phone Number |
212-417-8000 |
| Fax Number |
Not Available |
| Corporate Communications
Robert Fagenson
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212-417-8210
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| CEO - Robert B. Fagenson |
CFO - Alan B. Levin |
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