Taggares aims to price IPO of 7 million shares between $6.00 and $7.00

Janney Montgomery Scott, Roth Capital Partners are joint bookrunners

By Devika Patel

Knoxville, Tenn., June 9 – Taggares Agriculture Corp. expects to sell 7 million common shares at a price expected to fall between $6.00 and $7.00 per share in its initial public offering, according to a Form S-1 filed Thursday with the Securities and Exchange Commission. The deal was announced April 7 and will have a 45-day greenshoe option of 1.05 million additional shares.

Janney Montgomery Scott and Roth Capital Partners are the joint bookrunning managers. Feltl and Co. is the co-manager.

Proceeds will be used for land redevelopment, equipment replacement, building new facilities, upgrading technology, start-up costs and general corporate expenses, including general and administrative salaries, accounting, legal and consulting fees, facilities expenses and other working capital needs.

The Kennewick, Wash., company plans to acquire and improve farmland. It intends to list its common stock on the Nasdaq under the symbol “TAG.”

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.