BG Staffing announces common stocks offering

BG Staffing announces common stocks offering
30/05/2016 14:53

Texas-based staffing firm, BG Staffing, Inc. has planned to raise USD 15.05 million in a new offering of common stock. The company has announced the pricing of an underwritten public offering of 1.075 million shares for a public offering price of USD 14 per share. The Company intends to use the net proceeds received from the sale of the common stock to reduce outstanding indebtedness. Roth Capital Partners and Taglich Brothers are acting as book-running managers for the offering, which is subject to market conditions and is expected to close on June 2, subject to customary closing conditions.