Bookrunners Noble Financial and Dawson James to assist with financing
By Devika Patel
Knoxville, Tenn., Dec. 18 – Naked Brand Group Inc. priced a $7.5 million public offering of stock with a $1.13 million greenshoe, according to an 8-K filing and a prospectus supplement filed Friday with the Securities and Exchange Commission. The offering was announced Sept. 24.
The company will sell 1,875,000 common shares at $4.00 per share. The price per share is identical to the Dec. 17 closing share price.
Noble Financial Capital Markets and Dawson James Securities, Inc. are the bookrunners.
Settlement is expected Dec. 23.
Proceeds will be used for product development, marketing, working capital and general corporate purposes.
The men’s undergarment manufacturer is based in Abbotsford, B.C.
| Issuer: | Naked Brand Group Inc.
|
| Issue: | Common stock
|
| Amount: | $7.5 million
|
| Greenshoe: | $1,125,000, or 281,250 shares
|
| Shares: | 1,875,000
|
| Price: | $4.00
|
| Warrants: | No
|
| Bookrunners: | Noble Financial Capital Markets and Dawson James Securities, Inc.
|
| Announcement date: | Sept. 24
|
| Pricing date: | Dec. 18
|
| Settlement date: | Dec. 23
|
| Stock symbol: | OTCBB: NAKD
|
| Stock price: | $4.00 at close Dec. 17
|
| Market capitalization: | $5.97 million
|
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