News of dividends payout by a company can often come as a source of great optimism for investors and can bring the company’s stock into considerable focus among investors. One of the companies to have made such an announcement yesterday was RushNet Inc (OTCMKTS:RSHN) and it may be a good idea for investors to consider taking a look into it.
In addition to that, the company also made an announcement with regards to a spinoff of its fully owned subsidiary unit HeliosDX. The dividends in question are going to be issued to RushNet shareholders in the form of HeliosDX shares once the spinoff of the subsidiary is completed.
In this regard, it is important to note that the company also announced that in the whole process no extra shares of RushNet is going to be issued and the number of issued and outstanding shares of the company will remain unchanged.
Not too long ago, it had been announced that over the course of the past 15 months, a PCOAB Audit had been completed into RushNet and its subsidiary units HeliosDX and Grandeza Healthcare. The completion of the audit had been necessary in order to move forward with this particular plan.
Now the company is going to pursue two objectives. One of those is the issuance of HeliosDX shares in the form of dividends to RushNet shareholders as a dividend. Secondly, it is going to look into raising as much as $20 million by way of filing of a Tier 2 Regulation A with the United States Securities and Exchange Commission.
As part of the public offering, shares of HeliosDX are going to be offered and not those of RushNet. It may now be a good move from investors to consider adding the RushNet stock to their watch lists and watch out for further developments.
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