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Wednesday, September 23, 2020

Equity Corporate Actions Alert #2020 - 170
(UPDATED: Merger Effective) Information Regarding the Merger for Asta Funding, Inc. (ASFI)

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  • Industry Announcement

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At a special meeting held on September 25, 2020, shareholders of Asta Funding, Inc. (ASFI) met to consider and voted on the acquisition of the company by Asta Finance Acquisition, Inc. The merger was approved and became effective prior to the market open on September 29, 2020. In anticipation of the closing, the stock was halted immediately following the after-hours session at 8 p.m. on September 28, 2020 and will remain halted on the day of closing (September 29th). The stock will be suspended effective September 30, 2020. The details are as follows:

Company: Asta Funding, Inc.
Issue: Common Stock
CUSIP#: 046220109
Symbol: ASFI
Last Trading Date: September 28, 2020
Market Effective Date for Suspension: September 30, 2020
Merger Consideration: $13.10 for each share held.

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