$4.03 million greenshoe exercised; proceeds fund portfolio companies
By Devika Patel
Knoxville, Tenn., Oct. 3 - GSV Capital Corp. said it settled a $30.92 million public sale of stock. The deal priced for $26.89 million with a $4.03 million greenshoe on Sept. 27.
The company sold 2,185,000 common shares at $14.15 apiece. The price per share is identical to the Sept. 26 closing share price. Of the shares, 285,000 were part of the fully exercised greenshoe.
Citigroup Global Markets Inc. was the sole bookrunning manager. Lazard Capital Markets, Ladenburg Thalmann & Co. Inc., Janney Montgomery Scott, National Securities Corp. and Maxim Group LLC were the co-managers.
The company plans to invest the proceeds in portfolio companies. It will also use a portion of the proceeds to pay operating expenses and other expenses.
Based in Woodside, Calif., GSV is an investment company.
| Issuer: | GSV Capital Corp.
|
| Issue: | Common shares
|
| Amount: | $30,917,750 (including $4,032,750 greenshoe)
|
| Shares: | 2,185,000
|
| Price: | $14.15
|
| Warrants: | No
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Pricing date: | Sept. 27
|
| Settlement date: | Oct. 3
|
| Stock symbol: | Nasdaq: GSVC
|
| Stock price: | $14.15 at close Sept. 26
|
| Market capitalization: | $42.85 million
|
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