Secondary Offering for Medical Transcription Billing, Corp.
Medical Transcription Billing, Corp., together with its consolidated subsidiaries (the “Company”), is a healthcare information technology company
that provides a fully integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers. Our
integrated Software-as-a-Service (or SaaS) platform is designed to help our clients increase revenues, streamline workflows and make better business
and clinical decisions, while reducing administrative burdens and operating costs.
The company is offering up to 340,000 shares of our 11% Series A Cumulative Redeemable Perpetual Preferred Stock, which is referred to as the Series A Preferred Stock. Dividends on the Series A Preferred Stock offered hereby are cumulative from the first day of the calendar month in which they are issued, and will be payable on the fifteenth day of each calendar month, when, as and if declared by our board of directors. Dividends will be payable out of amounts legally available therefor at a rate equal to 11% per annum per $25.00 of stated liquidation preference per share, or $2.75 per share of Series A Preferred Stock per year. Commencing on November 4, 2020, we may redeem, at our option, the Series A Preferred Stock, in whole or in part, at a cash redemption price of $25.00 per share, plus all accrued and unpaid dividends to, but not including, the redemption date. The Series A Preferred Stock has no stated maturity, will not be subject to any sinking fund or other mandatory redemption, and will not be convertible into or exchangeable for any of our other securities. Holders of the Series A Preferred Stock generally will have no voting rights except for limited voting rights if dividends payable on the outstanding Series A Preferred Stock are in arrears for eighteen or more consecutive or non-consecutive monthly dividend periods.
Secondary Offering Documentation
Key Secondary Offering Data
How Does a Secondary Offering Work?
Open a Motif Account
Open a brokerage account to get ready for trading.
Participate in an Offering
Review secondary offering pricing, prospectus, and other documentation.
Place a Conditional Order
Select an investment amount and fund the secondary offering.