Texas Republic Capital Corporation – Austin, Texas
Texas Republic Capital Corporation (TRCC), a life insurance holding company, was incorporated in Texas on May 15, 2012. TRCC has conducted four private placement offerings, raising an aggregate $10,336,500. On April 2, 2014, TRCC registered a $25,000,000 intrastate public offering with the Texas Securities Board. The public offering is ongoing across the state of Texas. TRCC will use the offering proceeds to finance the formation of a new life insurance company subsidiary, or to acquire an existing life insurance company. FTFC owns 665,000 shares of TRCC.
Royalty Capital Corporation – Orland Park, Illinois
Royalty Capital Corporation (RCC), a life insurance holding company, was incorporated in Illinois on August 6, 2013. RCC conducted a private placement offering in the amount of $222,000 in 2013, and completed a $5,000,000 private placement offering consisting of 4,000,000 shares at $1.25 per share on July 15, 2015. RCC is currently conducting a $2,500,000 private placement consisting of 1,000,000 shares at $2.50 per share. At the conclusion of its current offering it is the intention of RCC to seek registration of a $20,000,000 intrastate public offering consisting of 4,000,000 shares at $5.00 per share. FTFC owns 400,000 shares of RCC.