GSV Announces Pricing of Follow-on Offering
11 February 2012 - 3:27AM
GSV Capital Corp. (Nasdaq:GSVC) (the "Company") today announced
that it has priced a follow-on offering of 6,000,000 shares of its
common stock at $15.00 per share, resulting in gross proceeds of
$90 million. The underwriters have been granted a 30-day option to
purchase up to an additional 900,000 shares of common stock.
The Company intends to use the net proceeds of this public
offering to invest in portfolio companies in accordance with its
investment objective and strategies, and for working capital and
general corporate purposes.
Citigroup Global Markets Inc. is acting as sole book-running
manager for the offering. Ladenburg Thalmann & Co. Inc., a
subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE
AMEX:LTS), Lazard Capital Markets, National Securities Corporation,
Aegis Capital Corp. and Maxim Group LLC are acting as
co-managers.
A registration statement (including a preliminary
prospectus) relating to these securities has been declared
effective by the Securities and Exchange Commission on February 10,
2012. The offering and sale of these securities will be made solely
by means of a written prospectus forming part of the effective
registration statement, copies of which may be obtained when
available by mail from Citigroup Global Markets Inc., Brooklyn Army
Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220, by phone
at (800) 831-9146 or by email at batprospectusdept@citigroup.com.
Investors should consider the investment objective, risks, and
charges and expenses of the Company carefully before
investing. The prospectus, dated February 10, 2012, which
will be filed with the Securities and Exchange Commission, contains
this and other information about the Company. Investors
should read the prospectus carefully before investing.
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 in high-growth, venture-backed private
companies. Led by industry veteran Michael Moe, the fund seeks to
create a portfolio of high-growth emerging private companies via a
repeatable and disciplined investment approach, as well as to
provide investors with access to such companies through its
publicly traded common stock. 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: GSV Contacts:
Investors:
Alex Wellins
(415) 217-5861
alex@blueshirtgroup.com
Media:
Kim Hughes
(415) 516-6187
kim@blueshirtgroup.com
GSV Capital (NASDAQ:GSVC)
Historical Stock Chart
From Jun 2024 to Jul 2024
GSV Capital (NASDAQ:GSVC)
Historical Stock Chart
From Jul 2023 to Jul 2024