Main Street Capital Announces Public Offering and 2 Hot Stocks on the Move

Kit Digital Inc (NASDAQ:KITD) discloses it has been issued a notification letter from the listings qualification department of the NASDAQ exchange, stating the company was not in compliance with a NASDAQ listing rule owing to its failure to file the form 10 Q for the period ended September 30, 2012 on a timely basis. The company also announced the departure of director Wayne Walker with effect from December 5.

Honda (NYSE:HMC) announced its all-new Honda small SUV concept vehicle which is expected to make its global debut at the 2013 North American International Auto Show in Detroit on January 14. The company released just a shaded sketch of the vehicle and said it was “a global concept model combining a sporty and dynamic SUV profile with a spacious, functional interior.”

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Main Street Capital Corporation (NYSE:MAIN) announced the pricing of its public offering of 2.5 million shares of common stock which were set at $28 per share, with net proceeds expected to be around $67 million. The company intends to use the net proceeds of the offering to first repay outstanding debt and thereafter to make investments, pay operating expenses and for general corporate purposes.

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