Greenshoe

Tufin Announces Upsizing and Pricing of Secondary Public Offering of Ordinary Shares

Retrieved on: 
Thursday, December 5, 2019
Software, Networks, Internet, Hardware, Data management, Technology, Mobile, Wireless, Security, Financial markets, Stock market, Finance, Financial economics, Secondary market offering, Underwriting, Security, Corporate finance, Greenshoe

Tufin Software Technologies Ltd. (NYSE: TUFN) (Tufin), a company pioneering a policy-centric approach to security and IT operations, today announced that it has upsized and priced a secondary public offering of 4,279,882 ordinary shares at a public offering price of $17.00 per share.

Key Points: 
  • Tufin Software Technologies Ltd. (NYSE: TUFN) (Tufin), a company pioneering a policy-centric approach to security and IT operations, today announced that it has upsized and priced a secondary public offering of 4,279,882 ordinary shares at a public offering price of $17.00 per share.
  • The offering was upsized from the previously announced 3,500,000 ordinary shares.
  • In connection with the offering, certain selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 641,982 ordinary shares at the public offering price less the underwriting discount.
  • Tufin will not receive any proceeds from the sale of ordinary shares.

Dream Industrial REIT Announces $150 Million Public Equity Offering

Retrieved on: 
Monday, December 2, 2019
Finance, Economy, Money, Initial public offering, Financial markets, Corporate finance, Stock market, Real estate investment trust, Private placement, Greenshoe, Public offering, Subscription

If the over-allotment option is exercised in full, the gross proceeds of the Public Offering will total approximately $172.6 million.

Key Points: 
  • If the over-allotment option is exercised in full, the gross proceeds of the Public Offering will total approximately $172.6 million.
  • Closing of the Public Offering is subject to certain customary conditions, including the approval of the Toronto Stock Exchange.
  • The Concurrent Private Placements are not conditional on closing of the Public Offering, and the Public Offering is not conditional on closing of the Concurrent Private Placements.
  • Dream Industrial REIT does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise except as required by law.

Global Ship Lease Announces Full Exercise of Underwriters’ Option to Purchase Additional Senior Unsecured Notes Due 2024

Retrieved on: 
Monday, December 2, 2019
Underwriting, Initial public offering, Actuarial science, Finance, Stock market, Money, Economy, Greenshoe

LONDON, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the Company or Global Ship Lease) today announced that in connection with the Companys previously announced registered underwritten public offering (the Notes Offering) of its 8.00% Senior Unsecured Notes due 2024 (the Notes), the Company issued an additional $4.125 million aggregate principal amount of Notes on November 27, 2019, pursuant to the underwriters full exercise of their option to purchase additional Notes (the Underwriters Option).

Key Points: 
  • LONDON, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the Company or Global Ship Lease) today announced that in connection with the Companys previously announced registered underwritten public offering (the Notes Offering) of its 8.00% Senior Unsecured Notes due 2024 (the Notes), the Company issued an additional $4.125 million aggregate principal amount of Notes on November 27, 2019, pursuant to the underwriters full exercise of their option to purchase additional Notes (the Underwriters Option).
  • Aggregate net proceeds to the Company from the Notes Offering, including the full exercise of the Underwriters Option, were approximately $29.7 million, after the payment of underwriting discounts and commissions and estimated offering expenses.
  • The Company intends to use the net proceeds of the Notes Offering to repay a portion of the Companys 9.875% First Priority Secured Notes due 2022.
  • Following the closing of the Notes Offering and the Underwriters Option, the Company has $31.625 million aggregate principal amount of the Notes outstanding.

Alpine Income Property Trust, Inc. Announces Closing of Initial Public Offering

Retrieved on: 
Wednesday, November 27, 2019
Financial economics, Finance, Initial public offering, Corporate finance, Stock market, Financial markets, Public offering, Underwriting, Offering, Stock, Greenshoe

DAYTONA BEACH, Fla., Nov. 27, 2019 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (the Company or PINE) announced today the closing of its initial public offering of 7,500,000 shares of common stock at an initial public offering price of $19.00 per share (the Offering).

Key Points: 
  • DAYTONA BEACH, Fla., Nov. 27, 2019 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (the Company or PINE) announced today the closing of its initial public offering of 7,500,000 shares of common stock at an initial public offering price of $19.00 per share (the Offering).
  • The Company has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions.
  • The Company used approximately $125.9 million of the net proceeds of the Offering to acquire, from Consolidated-Tomoka Land Co., 15 of the 20 properties in the Companys initial portfolio.
  • Incorporated, B. Riley FBR, Inc. and BMO Capital Markets Corp. acted as the joint book-running managers for the Offering.

PropTech Acquisition Corporation Announces Closing of $172,500,000 Initial Public Offering

Retrieved on: 
Tuesday, November 26, 2019
Financial markets, Financial economics, Finance, Greenshoe, Initial public offering, Public offering, Underwriting, Offering, Placement

NEW YORK, Nov. 26, 2019 (GLOBE NEWSWIRE) -- PropTech Acquisition Corporation (NASDAQ: PTACU) (the Company) announced today that it closed its initial public offering of 17,250,000 units, including 2,250,000 units issued pursuant to the full exercise by the underwriter of its over-allotment option.

Key Points: 
  • NEW YORK, Nov. 26, 2019 (GLOBE NEWSWIRE) -- PropTech Acquisition Corporation (NASDAQ: PTACU) (the Company) announced today that it closed its initial public offering of 17,250,000 units, including 2,250,000 units issued pursuant to the full exercise by the underwriter of its over-allotment option.
  • The offering was priced at $10.00 per unit, resulting in gross proceeds of $172,500,000.
  • Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $172,500,000 (or $10.00 per unit sold in the public offering) was placed in trust.
  • This press release contains statements that constitute forward-looking statements, including with respect to the initial public offering and the anticipated use of the net proceeds.

SiTime Corporation Announces IPO Completion

Retrieved on: 
Monday, November 25, 2019
Financial markets, Finance, Financial economics, Greenshoe, Initial public offering, Underwriting, Public offering

SANTA CLARA, Calif., Nov. 25, 2019 (GLOBE NEWSWIRE) -- SiTime Corporation (Nasdaq: SITM), a market leader in MEMS timing, today announced the completion of its previously announced initial public offering (IPO) of 4,945,000 shares of its common stock at a price to the public of$13.00per share, including the full exercise of the underwriters over-allotment option to purchase an additional 645,000 shares.

Key Points: 
  • SANTA CLARA, Calif., Nov. 25, 2019 (GLOBE NEWSWIRE) -- SiTime Corporation (Nasdaq: SITM), a market leader in MEMS timing, today announced the completion of its previously announced initial public offering (IPO) of 4,945,000 shares of its common stock at a price to the public of$13.00per share, including the full exercise of the underwriters over-allotment option to purchase an additional 645,000 shares.
  • After deducting underwriting discounts and commissions and estimated offering expenses payable by SiTime, the net proceeds to SiTime were approximately$57.1 million.
  • SiTime Corporation, a market leader in MEMS timing, offers MEMS-based silicon timing system solutions.
  • With over 1.5 billion devices shipped to date, SiTime is changing the timing industry.

First National Financial Corporation Announces Secondary Offering of Its Common Shares

Retrieved on: 
Monday, November 25, 2019
Stock market, Finance, Initial public offering, Money, Economy, Options, Greenshoe, First National Financial Corporation, Mortgage loan, Exercise

First National will not receive any proceeds from this Offering and the net proceeds will be received by the Selling Shareholders.

Key Points: 
  • First National will not receive any proceeds from this Offering and the net proceeds will be received by the Selling Shareholders.
  • The maximum gross proceeds raised under the Offering will be approximately $57.5 million should this option be exercised in full.
  • Following completion of the Offering, Stephen Smith will beneficially own 22,448,975 common shares of First National, representing approximately 37.4% of the common shares outstanding (22,390,475 common shares, representing approximately 37.3% if the Over-allotment Option is exercised in full), and Moray Tawse will beneficially own 20,448,975 common shares of First National, representing approximately 34.1% of the common shares outstanding (20,390,475 common shares, representing approximately 34.0% if the Over-allotment Option is exercised in full).
  • First National Financial Corporation (TSX:FN, TSX:FN.PR.A, TSX:FN.PR.B) is the parent company of First National Financial LP, a Canadian-based originator, underwriter and servicer of predominantly prime residential (single-family and multi-unit) and commercial mortgages.

Fortis Inc. Announces C$1.1 Billion Offering of Common Shares Comprised of C$600 Million Bought Deal and Concurrent C$500 Million Offering to Institutional Investor

Retrieved on: 
Monday, November 25, 2019
Finance, Financial services, Money, Fortis, Prospectus, Greenshoe, Bought deal

If the Over-Allotment Option is exercised in full, the Bought Deal will result in gross proceeds for Fortis of C$690 million.

Key Points: 
  • If the Over-Allotment Option is exercised in full, the Bought Deal will result in gross proceeds for Fortis of C$690 million.
  • The Common Shares offered in the Concurrent Offering are being sold directly to the institutional investor without an underwriter or placement agent.
  • The net proceeds of the Offerings will be used to fund the Corporation's capital plan, repay indebtedness of Fortis and for general corporate purposes.
  • Fortis Inc. has filed a registration statement (including a prospectus) with the SEC for the Bought Deal.

First Republic Announces Series J Preferred Stock Offering

Retrieved on: 
Monday, November 25, 2019
Banking, Professional services, Finance, Financial markets, Finance, Financial economics, Corporate finance, Stock market, Initial public offering, Equity securities, Stock, Public offering, Underwriting, Preferred stock, Greenshoe

First Republic Bank (First Republic) (NYSE:FRC), a leading private bank and wealth management company, today announced a public offering of depositary shares, each representing a 1/40th interest in a share of its Noncumulative Perpetual Series J Preferred Stock, at a public offering price of $25.00 per depositary share.

Key Points: 
  • First Republic Bank (First Republic) (NYSE:FRC), a leading private bank and wealth management company, today announced a public offering of depositary shares, each representing a 1/40th interest in a share of its Noncumulative Perpetual Series J Preferred Stock, at a public offering price of $25.00 per depositary share.
  • In addition, First Republic will grant the underwriters an option for up to 30 days to purchase additional depositary shares at the public offering price less the underwriting discount.
  • The offering will be made only by means of an offering circular.
  • The preliminary offering circular relating to the offering is available at www.frc-offering.com .

AllianzGI Artificial Intelligence & Technology Opportunities Fund Announces Partial Exercise of Over-Allotment Option

Retrieved on: 
Friday, November 22, 2019
Banking, Professional services, Finance, Initial public offering, Finance, Economy, Money, Stock market, Options, Greenshoe, Subscription, Exercise

AllianzGI Artificial Intelligence & Technology Opportunities Fund (the Fund) announced today that the underwriters of its initial public offering of common shares, which closed on October 31, 2019, partially exercised their over-allotment option having purchased an additional 2,068,135 common shares of the Fund.

Key Points: 
  • AllianzGI Artificial Intelligence & Technology Opportunities Fund (the Fund) announced today that the underwriters of its initial public offering of common shares, which closed on October 31, 2019, partially exercised their over-allotment option having purchased an additional 2,068,135 common shares of the Fund.
  • The closing of the partial exercise of the overallotment option occurred on November 19, 2019.
  • The gross proceeds of $41,362,700 from the partial exercise of the over-allotment option brings the total amount raised in the Funds initial public offering to $656,362,700.
  • The Fund has a limited term feature pursuant to which it intends to terminate on or about October 29, 2031 (the Dissolution Date).