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Company:
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NICHOLAS FINANCIAL INC (NICK)
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Form Type:
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8-K
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Filing Date:
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5/10/2022
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CIK:
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0001000045
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Address:
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2454 MCMULLEN BOOTH RD
BLDG C SUITE 501 B
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City, State, Zip:
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CLEARWATER, Florida 33759
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Telephone:
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(727) 726-0763
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Fiscal Year:
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03/31
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Last Trade
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Last Trade:
$9.27
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Change:
0.015 (0.16%)
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Trade Time:
Aug 05
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Market Cap:
$69.91M
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Description of Business
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Nicholas Financial, Inc. ("Nicholas Financial-Canada") is a Canadian holding
company incorporated under the laws of British Columbia in 1986. The business
activities of Nicholas Financial-Canada are currently conducted exclusively
through its wholly-owned indirect subsidiary, Nicholas Financial, Inc., a
Florida corporation ("Nicholas Financial"). Nicholas Financial is a specialized
consumer finance company engaged primarily in acquiring and servicing automobile
finance installment contracts ("Contracts") for purchases of used and new
automobiles and light trucks. Additionally, Nicholas Financial originates direct
consumer loans ("Direct Loans") and sells consumer-finance related products. A
second Florida subsidiary, Nicholas Data Services, Inc. ("NDS"), serves as the
intermediate holding company for Nicholas Financial. In addition, NF Funding I,
LLC ("NF Funding I"), is a wholly-owned, special purpose financing subsidiary of
Nicholas Financial.
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