OMAHA, Neb., April 18, 2025 /PRNewswire/ -- Western Capital Resources, Inc. (hereinafter referred to as "Western Capital") has made a significant announcement regarding its recent tender offer for shares of its Common Stock. The company revealed that the tender offer officially expired at 5:00 P.M., New York City time, on April 17, 2025, and the results have shown a promising response from shareholders. A total of 680,087 shares of Western Capital's Common Stock were validly tendered in the offer, exceeding the previous maximum number of shares sought by 13,421 shares.

In light of this increased interest, Western Capital has amended the terms of the tender offer. The company has decided to raise the maximum number of shares it is willing to purchase in this tender offer to match the number of validly tendered shares, thus allowing for the purchase of all 680,087 shares. This purchase will account for approximately 7.7% of the total Common Stock shares issued and outstanding as of April 18, 2025. The funding for this significant acquisition has been secured from the company's available cash reserves.

It is noteworthy that the increase of 13,421 shares in the tender offer represents less than 2% of the overall outstanding shares of the Common Stock. Due to this relatively modest increase, Western Capital has confirmed that there will be no further extensions of the tender offer, which officially closed as planned on April 17, 2025.

Equiniti Trust Company, LLC has been designated as the depositary for the tender offer and will ensure that payment for the shares accepted will be made promptly. Shareholders whose shares have been accepted will receive payment in cash, but without any interest accrual. After the completion of this tender offer, Western Capital is expected to have approximately 8,143,000 shares of Common Stock still issued and outstanding.

For further inquiries, D.F. King & Co., Inc. has been appointed as the information agent for the tender offer. Shareholders and interested parties can direct their questions and requests for assistance to the information agent by calling Collect at (212) 256-9073 or using the Toll-Free number (866) 620-2536.

This successful tender offer reflects Western Capital's strategic financial management and its commitment to enhancing shareholder value, amidst a challenging economic landscape.