LEGION CAP CORP - LGCP STOCK NEWS

Legion Capital Corporation (OTC: LGCP) has re-qualified its $75 million Reg A+ offering, increasing the maximum issuance of preferred stock shares from $20 million to $30 million. This decision was facilitated by growing demand for their short-term bonds and preferred stock. The requalification also eliminates the automatic rollover provision for the offering's bonds, enhancing compliance with regulatory standards. Legion Capital focuses on lending to small to medium-sized businesses, providing diverse equity and debt investment products.

Legion Capital (OTC: LGCP) reported its first full year of profitability, achieving a profit of $279,600 for fiscal year 2021, recovering from a loss of $2,880,231 in 2020. The company's revenue increased by 39%, reaching $3,265,718, while cash reserves soared by 1,277% to $16,898,222. Shareholder equity also saw significant growth, climbing from $285,125 in 2020 to $10,152,729 in 2021, marking a remarkable 4,091% rise. CEO Paul Carrazone expressed optimism for continued growth in their specialized loan portfolio.

Legion Capital (LGCP) announced a significant milestone with the closing of a $16 million loan facility aimed at developing a mixed-use property in Central Florida. This project will encompass the acquisition and development of approximately 3,000 residential units. Chairman James Byrd emphasized the firm’s commitment to expanding its reach in the growing demand for residential and mixed-use developments in the Greater Orlando area. Legion Capital specializes in providing bridge funding and growth capital to underserved small and medium-sized companies and real estate developers.

Legion Capital (OTCQB:LGCP) announced its Annual Shareholders’ Meeting on June 14, 2022, via video conference. The meeting will cover the company’s annual results and developments, followed by a Q&A session. CEO Paul Carrazzone emphasized the company’s growth, citing the successful completion of a $75 million Regulation A Offering, which enhances its ability to fund larger loans. Despite the ongoing challenges posed by the COVID-19 pandemic, Legion's expansion in Florida’s housing market remains strong. Shareholders must register in advance to attend.

Legion Capital Corporation (OTCQB: LGCP), based in Orlando, Florida, is expanding its lending portfolio with the launch of the Legion Funding platform, aimed at facilitating online transactions for real estate developers nationwide. Following the sellout of its $40 million SEC qualified offering, Legion has increased this offering to $75 million. The company focuses on early-stage real estate development finance, addressing a gap left by traditional lenders, and aims to leverage fintech technology for improved loan processing.

Legion Capital Corporation (OTCQB: LGCP) announced a re-qualification of its Reg A+ offering, increasing the maximum capital raise from $40 million to $75 million. This re-qualification by the SEC occurred on January 7, 2022. The company's business model has garnered strong interest from the independent broker-dealer community, prompting this increase. Legion Capital focuses on secured real estate development loans in Central Florida and offers short-term corporate bonds with maturities of 1, 2, and 3 years, as well as redeemable preferred stock.