Public offering's proceeds to be used to invest in portfolio companies
By Angela McDaniels
Tacoma, Wash., Feb. 10 - GSV Capital Corp. priced a $90 million follow-on offering of common stock with a $13.5 million over-allotment option, according to a company news release.
The 6 million shares are being offered at $15.00 each. This is a 23.1% discount to the company's closing share price on Thursday, $19.50.
Citigroup Global Markets Inc. is the bookrunner. Ladenburg Thalmann & Co. Inc., Lazard Capital Markets, National Securities Corp., Aegis Capital Corp. and Maxim Group LLC are the co-managers.
The company plans to use the proceeds of this public offering to invest in portfolio companies and for working capital and general corporate purposes.
GSV is a Woodside, Calif.-based investment fund that seeks to invest in high-growth, venture-backed private companies.
| Issuer: | GSV Capital Corp.
|
| Issue: | Common stock
|
| Amount: | $90 million
|
| Greenshoe: | $13.5 million
|
| Shares: | 6 million
|
| Price: | $15.00
|
| Warrants: | No
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Co-managers: | Ladenburg Thalmann & Co. Inc., Lazard Capital Markets, National Securities Corp., Aegis Capital Corp. and Maxim Group LLC
|
| Pricing date: | Feb. 10
|
| Stock symbol: | Nasdaq: GSVC
|
| Stock price: | $19.50 at close Feb. 9
|
| Market capitalization: | $86.39 million
|
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