Underwriters exercise full over-allotment option for 900,000 shares
By Toni Weeks
San Diego, May 16 - GSV Capital Corp. said it took in proceeds of $112.13 million in its follow-on public offering of common stock. The figure includes the full $14,625,000 over-allotment option.
In total, 6.9 million shares were sold at $16.25 each. The price per share reflects a 10.86% discount to the May 10 closing share price of $18.23.
Citigroup Global Markets Inc. was the bookrunner. Ladenburg Thalmann & Co. Inc., Lazard Capital Markets LLC, National Securities Corp., Aegis Capital Corp., Maxim Group LLC and CICC HK Securities 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: | $112,125,000, including $14,625,000 greenshoe exercise
|
| Shares: | 6.9 million
|
| Price: | $16.25
|
| Warrants: | No
|
| Bookrunner: | Citigroup Global Markets Inc
|
| Pricing date: | May 11
|
| Settlement date: | May 16
|
| Stock symbol: | Nasdaq: GSVC
|
| Stock price: | $18.23 at close May 10
|
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