Royal Oak Exceeds Unit Offering Investment Program Goal
Royal Oak is very pleased to announce the results of our Unit Offering investment program. Launched in May of this year, our goal was to raise $50 million with the ability to increase the offering by 10%, subject to Board approval.
After the final closing this month, Royal Oak has raised $54.2 million of equity from the Unit Offering, exceeding the $50 million goal!
We would like to thank the 87 existing investors, and welcome the 64 new investors, who participated in this program.
The Unit Offering was created to accelerate equity raising in a challenging investment climate, and to bolster Royal Oak’s balance sheet to be best prepared for strategic, accretive, acquisition opportunities in the near future. We succeeded on this initiative and are excited about our growth opportunities as we head into 2024.