Slips on proposed public offering of common stock

Aspen

13/12/2019 13:23

** Shares of education services provider  ASPU.O  down 3.31%
at $7.30 premarket
    ** On Thursday, after the bell, co announced proposed public
offering of common stock; size and terms of offering were not
disclosed  urn:newsml:reuters.com:*:nGNXc1hds9
    ** Intends to use net proceeds from offering for potential
repayment of debt as well as to repurchase and retire about
430,000 shares of common stock from certain of its directors and
officers
    ** Canaccord Genuity LLC is acting as sole book-running
manager of the offering
    ** Up to Thursday's close, stock had risen 37.77% YTD

 (Reporting by Dominic Roshan K. L.)
 ((Dominic.RoshanKL@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 806749 2999;))