Star Equity Holdings Announces Investment in Enservco Corporation
OLD GREENWICH, Conn., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (NASDAQ:STRR, STRRP))) ("Star" or the "Company"), a diversified holding company, announced today that effective August 9, 2024, it completed an investment in Enservco Corporation (NYSE:ENSV) ("Enservco" or "ENSV"), a Colorado-based Energy Services company that is expanding into the Transportation & Logistics sector via the acquisition of Buckshot Trucking, LLC ("Buckshot"). Transaction Highlights Star issued 250,000 shares of its 10% Series A Cumulative Perpetual Preferred Stock ("STRRP") to Enservco in exchange for 12.5 million ENSV common shares and share equivalents, representing $2.5 millio
