Atlas Financial To Offer $30 Mln Of Shares - Quick Facts

(RTTNews) - Atlas Financial Holdings, Inc. (AFH) Tuesday said it has begun an underwritten public offering of $30 million of ordinary shares of the company. The underwriters would have a 30-day option to buy up to an aggregate of $4.5 million of additional ordinary shares to cover any over-allotments.Sandler O'Neill + Partners, L.P is the book-runner for the offering. The company added that it plans to use the net proceeds from the offering for general corporate purposes, including, without limitation, business expansion, working capital and possible acquisitions.