Atlas Financial Holdings announces pricing of public offering
21/05/2014 13:27
Atlas Financial Holdings, Inc. announced the pricing of its underwritten public offering of 2,000,000 ordinary shares of the Company at a price to the public of USD 12.50 per share for gross proceeds of USD 25,000,000. The net proceeds from the sale of the shares, after deducting the underwriters’ discounts and other estimated offering expenses payable by the Company, will be approximately USD 23,170,000. In addition, Atlas has granted the underwriters a 30-day option to purchase up to 300,000 additional ordinary shares at the public offering price to cover over-allotments, if any. Atlas plans to use the net proceeds from the offering for general corporate purposes, including, without limitation, business expansion, working capital and possible acquisitions. Sandler O’Neill + Partners, L.P. is acting as the book-running manager for the offering. Janney Montgomery Scott LLC and Sterne, Agee & Leach, Inc. are acting as co-managers for the offering.
21/05/2014 13:27
Atlas Financial Holdings, Inc. announced the pricing of its underwritten public offering of 2,000,000 ordinary shares of the Company at a price to the public of USD 12.50 per share for gross proceeds of USD 25,000,000. The net proceeds from the sale of the shares, after deducting the underwriters’ discounts and other estimated offering expenses payable by the Company, will be approximately USD 23,170,000. In addition, Atlas has granted the underwriters a 30-day option to purchase up to 300,000 additional ordinary shares at the public offering price to cover over-allotments, if any. Atlas plans to use the net proceeds from the offering for general corporate purposes, including, without limitation, business expansion, working capital and possible acquisitions. Sandler O’Neill + Partners, L.P. is acting as the book-running manager for the offering. Janney Montgomery Scott LLC and Sterne, Agee & Leach, Inc. are acting as co-managers for the offering.
