Underwriters exercise full over-allotment option for 900,000 shares
By Jennifer Chiou
New York, Feb. 15 - GSV Capital Corp. said it took in proceeds of $103.5 million in its follow-on offering of common stock. The figure includes the full $13.5 million over-allotment option.
All in all, 6.9 million shares were sold at $15.00 each.
As announced, the sale price is a 23.1% discount to the company's $19.50 closing share price on Feb. 9.
Citigroup Global Markets Inc. was the bookrunner. Ladenburg Thalmann & Co. Inc., Lazard Capital Markets, National Securities Corp., Aegis Capital Corp. and Maxim Group LLC were 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: | $103.5 million (including $13.5 million greenshoe exercise)
|
| Shares: | 6.9 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
|
| Settlement date: | Feb. 15
|
| Stock symbol: | Nasdaq: GSVC
|
| Stock price: | $19.50 at close Feb. 9
|
| Market capitalization: | $86.39 million
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