ALTA EQUIPMENT GROUP Confirms NYSE Listings for Common & Preferred Stock
Ticker: ALTG-PA · Form: 8-K · Filed: Jan 3, 2024 · CIK: 1759824
| Field | Detail |
|---|---|
| Company | Alta Equipment Group INC. (ALTG-PA) |
| Form Type | 8-K |
| Filed Date | Jan 3, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $625, $0.625 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, security-listing, common-stock, preferred-stock
TL;DR
**ALTG filed an 8-K confirming its common and preferred stock are officially listed on the NYSE.**
AI Summary
ALTA EQUIPMENT GROUP INC. (ALTG) filed an 8-K on January 3, 2024, to update its registered securities on the New York Stock Exchange. The filing specifically lists its Common Stock ($0.0001 par value per share) under the trading symbol ALTG and its Depositary Shares representing a 1/1000th fractional interest in 10% Series A Cumulative Perpetual Preferred Stock ($0.0001 par value per share) under the trading symbol ALTG PRA. This matters to investors because it confirms the official listing and trading symbols for both common and preferred shares, ensuring clarity and accessibility for trading these securities.
Why It Matters
This filing provides official confirmation of ALTA EQUIPMENT GROUP INC.'s listed securities and their trading symbols on the New York Stock Exchange, which is crucial for investors to accurately identify and trade the company's common and preferred shares.
Risk Assessment
Risk Level: low — This filing is a routine update confirming existing security listings and does not introduce new financial risks or operational changes.
Analyst Insight
Investors should note the confirmed trading symbols (ALTG for common, ALTG PRA for preferred) for accurate trading and portfolio management, but this filing itself doesn't warrant immediate action beyond verification.
Key Numbers
- $0.0001 — Common Stock Par Value (The stated par value per share for ALTA EQUIPMENT GROUP INC.'s common stock.)
- $0.0001 — Preferred Stock Par Value (The stated par value per share for ALTA EQUIPMENT GROUP INC.'s preferred stock.)
- 1/1000th — Fractional Interest (The fractional interest in a share of 10% Series A Cumulative Perpetual Preferred Stock represented by each Depositary Share.)
- 10% — Preferred Stock Dividend Rate (The dividend rate for the Series A Cumulative Perpetual Preferred Stock.)
Key Players & Entities
- ALTA EQUIPMENT GROUP INC. (company) — the registrant filing the 8-K
- New York Stock Exchange (company) — the exchange where ALTG's securities are registered
- $0.0001 (dollar_amount) — par value per share for common stock
- $0.0001 (dollar_amount) — par value per share for preferred stock
- ALTG (company) — trading symbol for common stock
- ALTG PRA (company) — trading symbol for preferred stock
FAQ
What is the purpose of this 8-K filing by ALTA EQUIPMENT GROUP INC.?
The purpose of this 8-K filing, dated January 3, 2024, is to report 'Other Events' and 'Financial Statements and Exhibits,' specifically confirming the registration of its securities pursuant to Section 12(b) of the Securities Exchange Act of 1934.
Which specific securities of ALTA EQUIPMENT GROUP INC. are mentioned in this filing?
The filing mentions two specific classes of securities: 'Common stock, $0.0001 par value per share' and 'Depositary Shares representing a 1/1000th fractional interest in a share of 10% Series A Cumulative Perpetual Preferred Stock, $0.0001 par value per share'.
What are the trading symbols and exchanges for the securities listed in the 8-K?
The Common stock, $0.0001 par value per share, trades under the symbol ALTG on The New York Stock Exchange. The Depositary Shares representing a 1/1000th fractional interest in a share of 10% Series A Cumulative Perpetual Preferred Stock, $0.0001 par value per share, trade under the symbol ALTG PRA, also on The New York Stock Exchange.
What is the par value of ALTA EQUIPMENT GROUP INC.'s common stock and preferred stock?
Both the Common stock and the 10% Series A Cumulative Perpetual Preferred Stock of ALTA EQUIPMENT GROUP INC. have a par value of $0.0001 per share, as stated in the filing.
When was the earliest event reported in this 8-K filing?
The 'Date of Report (Date of earliest event reported)' for this 8-K filing is January 3, 2024.
Filing Stats: 537 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-01-03 07:00:08
Key Financial Figures
- $0.0001 — nge on which registered Common stock, $0.0001 par value per share ALTG The New Yo
- $625 — of Directors has declared a dividend of $625 per share of its outstanding 10% Series
- $0.625 — 2024. This will equate to a dividend of $0.625 for each of the outstanding Depositary
Filing Documents
- altg-20240103.htm (8-K) — 43KB
- altg-ex99_1.htm (EX-99.1) — 8KB
- img202994375_0.jpg (GRAPHIC) — 12KB
- 0000950170-24-000534.txt ( ) — 218KB
- altg-20240103_pre.xml (EX-101.PRE) — 13KB
- altg-20240103_lab.xml (EX-101.LAB) — 18KB
- altg-20240103.xsd (EX-101.SCH) — 3KB
- altg-20240103_def.xml (EX-101.DEF) — 14KB
- altg-20240103_htm.xml (XML) — 6KB
01 Other Events
Item 8.01 Other Events. On January 3, 2024, Alta Equipment Group Inc. (the “Company”) issued a press release announcing that the Company’s Board of Directors has declared a dividend of $625 per share of its outstanding 10% Series A Cumulative Perpetual Preferred Stock (the “Series A Preferred”), with the record date for the dividend January 15, 2024 and the payment date January 31, 2024. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred. The Depositary Shares trade on The New York Stock Exchange under the symbol “ALTG PRA.” The full text of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated January 3, 2024, of Alta Equipment Group Inc . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ALTA EQUIPMENT GROUP INC. Dated: January 3, 2024 By: /s/ Ryan Greenawalt Name: Ryan Greenawalt Title: Chief Executive Officer