Bookrunner Janney Montgomery Scott sells 13,065,453 common shares
By Devika Patel
Knoxville, Tenn., July 26 - dELiA*s, Inc. said it priced a $13.72 million public sale of stock with a $2.06 million greenshoe. The deal was announced on Thursday.
The company will sell 13,065,453 common shares at $1.05 per share. The price per share is a 32.26% discount to the July 16 closing share price of $1.55.
Janney Montgomery Scott LLC is the bookrunner.
Settlement is expected on July 31.
The company will use the proceeds to repay debt under its credit agreement with Salus Capital Partners, LLC and for working capital and other general corporate purposes.
The direct marketing and retail company is based in New York.
| Issuer: | dELiA*s, Inc.
|
| Issue: | Common stock
|
| Amount: | $13,718,726
|
| Greenshoe: | $2,057,808
|
| Shares: | 13,065,453
|
| Price: | $1.05
|
| Warrants: | No
|
| Bookrunner: | Janney Montgomery Scott LLC
|
| Announcement date: | July 25
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Stock symbol: | Nasdaq: DLIA
|
| Stock price: | $1.55 at close July 16
|
| Market capitalization: | $43.77 million
|
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