GSV Capital Announces Closing of Follow-On Offering and Exercise of Underwriters' Overallotment Option
03 October 2011 - 11:00PM
GSV Capital Corp. (Nasdaq:GSVC) today announced the closing of its
previously disclosed public follow-on offering of 2,185,000 shares
of its common stock at a price to the public of $14.15 per share,
which includes the exercise in full by the underwriters of their
option to purchase an additional 285,000 shares of common stock to
cover overallotments. The aggregate net proceeds to GSV Capital
from the sale of the shares of common stock, after deducting
underwriting discounts and commissions and estimated offering
expenses, are expected to be approximately $29.1 million.
Citigroup Global Markets Inc. acted as sole book-running manager
for the offering. Lazard Capital Markets, Ladenburg Thalmann &
Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services
Inc. (NYSE AMEX:LTS), Janney Montgomery Scott, National Securities
Corporation and Maxim Group LLC acted as co-managers.
GSV Capital's current portfolio provides exposure to investments
in venture capital backed private companies including Bloom Energy
Corporation, Chegg, Inc., Facebook, Inc., Gilt Groupe, Inc.,
Groupon, Inc., Kno, Inc., Serious Energy, Inc., SharesPost, Inc.,
Silver Spring Networks, Inc., TrueCar, Inc., Twitter, Inc.,
ZoomSystems and Zynga, Inc.
This press release is for informational purposes only and shall
not constitute an offer to sell or a solicitation of an offer to
buy these securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About GSV Capital Corp.
GSV Capital Corp. (Nasdaq:GSVC) is a publicly traded investment
fund that seeks to invest primarily in high growth, venture backed
private companies. GSV Capital is structured as a closed-end
investment company that has elected to be treated as a business
development company under the Investment Company Act of 1940. GSV
Capital is headquartered in Woodside, CA.
The GSV Capital Corp. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=9556
Forward-Looking Statements
Statements included herein may constitute "forward-looking
statements," which relate to future events or our future
performance or financial condition. These statements are not
guarantees of future performance, condition or results and involve
a number of risks and uncertainties. Actual results may differ
materially from those in the forward-looking statements as a result
of a number of factors, including those described from time to time
in our filings with the Securities and Exchange Commission. GSV
Capital Corp. undertakes no duty to update any forward-looking
statements made herein.
CONTACT: Investors:
Alex Wellins
(415) 217-5861
alex@blueshirtgroup.com
Media:
Kim Hughes
(415) 516-6187
kim@blueshirtgroup.com
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