Western Capital Resources, Inc. Announces Final Results and Expiration of Its Tender Offer for Common Stock Shares

Overview of Western Capital's Tender Offer

On April 18, 2025, Western Capital Resources, Inc. disclosed the conclusion of its recent tender offer for shares of its Common Stock, which aimed to procure up to a specified number of shares from its shareholders. The tender offer officially wrapped up at 5:00 PM New York City time on April 17, 2025. During this period, shareholders participated enthusiastically in the offer, tendering 680,087 shares of the Common Stock—a figure notably exceeding the previous limit set by the company by 13,421 shares.

Details of the Offer

Given the significant interest shown by shareholders, the company made the decision to amend its tender offer, subsequently increasing the maximum number of shares it was prepared to purchase to match the number tendered: 680,087. This action reflects a robust participation rate, with the purchased shares constituting approximately 7.7% of the total shares of Common Stock that were issued and outstanding as of April 18, 2025.

The funding for this acquisition came from the company’s available cash reserves, ensuring that the purchase did not impact its operational liquidity or financial stability adversely. The acquired shares will be procured in cash, and as stated, interest will not be accrued on these payments, simplifying the transaction process for shareholders.

The Aftermath of the Offer

Following the completion of this tender offer, Western Capital is projected to have approximately 8,143,000 shares outstanding in the market. This situation not only enhances the liquidity for current shareholders who chose to participate in the tender offer but also positions the company favorably as it adjusts its capital structure in response to the current market dynamics.

Equiniti Trust Company, LLC acted as the depositary for this tender offer, facilitating transactions and ensuring compliance with all regulatory standards. Shareholders who wish to understand further details or have queries regarding this process have been advised to contact the information agent, D.F. King & Co., Inc., through the provided contact numbers (Collect (212) 256-9073 or Toll-Free (866) 620-2536).

Conclusion

Western Capital’s decision to raise the threshold for its tender offer indicates strong demand for shares and a strategic move to consolidate its equity base. By successfully acquiring 680,087 shares, the company reinforces its commitment to enhancing shareholder value while maintaining transparency and efficiency in its operations. Moving forward, stakeholders will likely keep a keen eye on Western Capital's strategies evolving in response to market conditions as the company builds its profile in the capital markets.