Inventure plans secondary public stock sale of 3.29 million shares

William Blair, Canaccord Genuity, Roth Capital assist in selling stock

By Toni Weeks

San Luis Obispo, Calif., Sept. 5 – Inventure Foods Inc. said it will conduct a secondary public offering of common stock, according to a 424B7 filing with the Securities and Exchange Commission.

The selling stockholder is offering 3.29 million shares with a 30-day greenshoe for an additional 493,500 shares. Inventure will not receive any proceeds from the stock sale.

The company’s common shares (Nasdaq: SNAK) closed at $11.60 on Sept. 4.

William Blair & Co., LLC will be the bookrunning manager. Canaccord Genuity Inc. is the lead manager, and Roth Capital Partners, LLC is the co-manager.

The offering is expected to close this month.

Phoenix-based Inventure is a manufacturer and marketer of healthy/natural and indulgent specialty snack food brands.

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