Quotesmith.com Inc., the Darien, Ill.-based online brokerage that has yet to record a profit, announced that it has completed the previously announced asset acquisition of Life Quotes Inc. utilizing cash on hand and external financing.
As part of the Life Quotes asset acquisition and as previously announced, Quotesmith.com intends to sell about 2.4 million shares of common stock at a price of $5.50 per share to Zions Bancorp., raising $13 million in additional capital.
Was this article valuable?
Here are more articles you may enjoy.
AI-Native Network American Growth Insurance Makes Heller-Kowitz its First Buy 
Chipwich Maker Withdraws Lawsuit Against Insurance Agency 
Allstate Q2 Net Income Jumps 56% on Underwriting 
Zurich Insurance Earnings Boosted by Global Data Center Demand 
