# Arcf IV Invests in Largo's $5.7m Offering

> Arcf IV purchases 2.32m Largo shares in $5.7m registered direct offering.
- Title: Arcf IV Invests in Largo's $5.7m Offering · Financialpost
- Summary: Arcf IV purchases 2.32m Largo shares in $5.7m registered direct offering. Arcf IV and related funds own 35% of Largo after investing in its $5.7m registered…
- Keywords: arcf iv, largo, tsx, nasdaq, registered direct offering, common shares, warrants, arc funds, money, business, Arcf, Invests
- Source: Financialpost — https://financialpost.com/globe-newswire/arcf-iv-participates-in-us5-7-million-registered-direct-offering
- Read time: 1 min
- Topics: arcf iv, largo, tsx, nasdaq, registered direct offering, common shares, warrants, arc funds, money, business
## Arcf IV invests in Largo
Arias Resource Capital Fund IV L.P. agreed to purchase 2,321,428 units of Largo at $0.56 per unit in a $5.7 million registered direct offering.
## Transaction details
Each unit consists of one common share and one share purchase warrant with a $0.70 exercise price exercisable for five years.
## Ownership structure
The ARC Funds collectively own 35,278,481 common shares and 7,239,461 warrants representing 35.01% of Largo on a partially diluted basis.
## Key stakeholders
J. Alberto Arias holds 164,565 vested options, 336,913 restricted share units, and 62,533 common shares directly.
## Post-transaction ownership
The ARC Group's holdings represent 30.64% of Largo on a non-diluted basis after full exercise of warrants and options.
## Management control
J. Alberto Arias serves as director for each ARC Fund general partner and indirectly controls the Manager but disclaims beneficial ownership.
## Key takeaway

Arcf IV and related funds own 35% of Largo after investing in its $5.7m registered direct offering.