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Mead Park Capital Takes 23% of Institutional Financial Markets

Institutional Financial Markets, Mead Park Capital Partners: In a 13D filing with the SEC, Mead Park Capital Partners reported ownership 3,898,334 shares of Institutional Financial Markets Inc (NYSEMKT:IFMI). This was the result of a previously arranged purchasing agreement, in which Institutional Financial agreed to sell newly issued shares and convertible promissory notes, which are convertible into a total of 1,949,167 shares. The value of the current position, which represents over 23% of the company, amounts to $8.85 million at current prices.

Institutional Financial Markets Inc (NYSEMKT:IFMI)

Disclosure: none

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