Elah Holdings Inc fka RELYQ (ELLH)

[Enterprising Investor]

Real Industry Announces Termination of At-the-Market Equity Offering Program (7/09/15)

SHERMAN OAKS, Calif.--(BUSINESS WIRE)--Real Industry, Inc. (NASDAQ: RELY) (“Real Industry” or the “Company”) today announced the termination of its “at-the-market” equity offering program (“ATM Facility”). The Company elected to terminate the ATM Facility as a result of its increased activity in the M&A marketplace, and to limit uncertainty for its stockholders during this period of global market volatility.

Although the Company initiated the 10-day termination process of the ATM Facility with Cantor Fitzgerald, with the official termination to take effect July 19, 2015, the Company will make no further sales of shares under the ATM Facility. Upon the announcement of the initiation of the ATM Facility’s termination process, the Company had sold 709,900 shares raising approximately $8.2 million in gross proceeds.

About Real Industry, Inc.

Real Industry is a North America-based holding company seeking to invest its capital in large, well-managed and consistently profitable businesses concentrated primarily in the United States industrial and commercial marketplace. Real Industry has significant capital resources, and federal net operating loss tax carry-forwards of more than $900 million. For more information about Real Industry, visit its corporate website at www.realindustryinc.com.

ATM Facility Details

The Company filed a registration statement (including a base prospectus, a post-effective amendment to the base prospectus and a related prospectus supplement, collectively, the “Prospectus”) with the Securities and Exchange Commission (“SEC”) for the offering of the shares of common stock under the ATM Facility described in this press release, which registration statement the SEC declared effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of shares of the Company’s common stock in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

http://www.businesswire.com/news/home/20150709006284/en/Real-Industry-Announces-Termination-At-the-Market-Equity-Offering#.VZ7lU9jbLIU