Callaghan Inc. decided to sell shares to raise additional capital so that it could expand...
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Callaghan Inc. decided to sell shares to raise additional capital so that it could expand into the rapidly growing service industry. The corporation chose to sell these shares through a subscription basis and publicly notified the investment world. The offering was 40,000 Shares at $22 a share. The terms of the subscription were 35% down and the balance was due at the end of six months. All shares were subscribed for during the offering period.
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