{"id":385989,"date":"2020-11-20T08:48:38","date_gmt":"2020-11-20T13:48:38","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=385989"},"modified":"2020-11-20T08:48:38","modified_gmt":"2020-11-20T13:48:38","slug":"hc2-stockholders-approve-rights-offering-proposals","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hc2-stockholders-approve-rights-offering-proposals\/","title":{"rendered":"HC2 Stockholders Approve Rights Offering Proposals"},"content":{"rendered":"
\n

NEW YORK, Nov. 20, 2020 (GLOBE NEWSWIRE) — HC2 Holdings, Inc. (\u201cHC2\u201d or the \u201cCompany\u201d) (NYSE:HCHC), a diversified holding company, announced today that, based on preliminary results, its stockholders have voted to approve (i) an amendment to the Company\u2019s certificate of incorporation to increase the number of authorized shares of common stock of the Company to 160,000,000 shares and (ii) the conversion of up to 35,000 shares of Series B preferred stock of the Company in connection with the Company\u2019s current $65 million rights offering (the \u201cRights Offering\u201d). More than 94% of the votes cast supported both proposals.<\/p>\n

\u201cWe are very pleased that our stockholders resoundingly supported our Board and our strategy of long-term value creation for all HC2 stockholders,\u201d stated Wayne Barr, Jr., HC2\u2019s interim Chief Executive Officer. \u201cOn behalf of the entire HC2 Board and management team, we sincerely thank our stockholders for their support throughout this process.\u201d<\/p>\n

\n About HC2<\/strong>\n <\/p>\n

HC2 Holdings, Inc. is a publicly traded (NYSE:HCHC) diversified holding company, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders. HC2 has a diverse array of operating subsidiaries across multiple reportable segments, including Infrastructure, Clean Energy, Life Sciences, Spectrum, Insurance and Other. HC2\u2019s largest operating subsidiary is DBM Global Inc., a family of companies providing fully integrated structural and steel construction services. Founded in 1994, HC2 is headquartered in New York, New York.<\/p>\n

\n Cautionary Statement Regarding Forward-Looking Statemen<\/strong>
\n ts<\/strong>\n <\/p>\n

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains, and certain oral statements made by our representatives from time to time may contain, forward-looking statements, including, among others, statements regarding the Rights Offering, all of which involve risks, assumptions and uncertainties, many of which are outside of the Company’s control, and are subject to change. The consummation of the Rights Offering is also subject to certain conditions. Accordingly, no assurance can be given that the Rights Offering will be consummated on its terms or at all.\u00a0All forward-looking statements speak only as of the date made, and unless legally required, HC2 undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n

\n Contact:<\/strong>\n <\/p>\n

Investor Relations
ir@hc2.com
(212) 235-2691<\/p>\n

\u00a0<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Nov. 20, 2020 (GLOBE NEWSWIRE) — HC2 Holdings, Inc. (\u201cHC2\u201d or the \u201cCompany\u201d) (NYSE:HCHC), a diversified holding company, announced today that, based on preliminary results, its stockholders have voted to approve (i) an amendment to the Company\u2019s certificate of incorporation to increase the number of authorized shares of common stock of the Company to 160,000,000 shares and (ii) the conversion of up to 35,000 shares of Series B preferred stock of the Company in connection with the Company\u2019s current $65 million rights offering (the \u201cRights Offering\u201d). More than 94% of the votes cast supported both proposals. \u201cWe are very pleased that our stockholders resoundingly supported our Board and our strategy of long-term value creation for all HC2 stockholders,\u201d … <\/p>\n

Continue reading “HC2 Stockholders Approve Rights Offering Proposals”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-385989","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHC2 Stockholders Approve Rights Offering Proposals - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hc2-stockholders-approve-rights-offering-proposals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HC2 Stockholders Approve Rights Offering Proposals - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Nov. 20, 2020 (GLOBE NEWSWIRE) — HC2 Holdings, Inc. (\u201cHC2\u201d or the \u201cCompany\u201d) (NYSE:HCHC), a diversified holding company, announced today that, based on preliminary results, its stockholders have voted to approve (i) an amendment to the Company\u2019s certificate of incorporation to increase the number of authorized shares of common stock of the Company to 160,000,000 shares and (ii) the conversion of up to 35,000 shares of Series B preferred stock of the Company in connection with the Company\u2019s current $65 million rights offering (the \u201cRights Offering\u201d). More than 94% of the votes cast supported both proposals. \u201cWe are very pleased that our stockholders resoundingly supported our Board and our strategy of long-term value creation for all HC2 stockholders,\u201d … Continue reading "HC2 Stockholders Approve Rights Offering Proposals"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hc2-stockholders-approve-rights-offering-proposals\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-20T13:48:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4OTkyNyMzODM3MDMzIzIwMTk4MTU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hc2-stockholders-approve-rights-offering-proposals\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hc2-stockholders-approve-rights-offering-proposals\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"HC2 Stockholders Approve Rights Offering Proposals\",\"datePublished\":\"2020-11-20T13:48:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hc2-stockholders-approve-rights-offering-proposals\\\/\"},\"wordCount\":389,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hc2-stockholders-approve-rights-offering-proposals\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA4OTkyNyMzODM3MDMzIzIwMTk4MTU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hc2-stockholders-approve-rights-offering-proposals\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hc2-stockholders-approve-rights-offering-proposals\\\/\",\"name\":\"HC2 Stockholders Approve Rights Offering Proposals - 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