Ladenburg Thalmann assists; offering also has $2.74 million greenshoe
By Devika Patel
Knoxville, Tenn., May 25 - New York Mortgage Trust, Inc. said it priced an $18.29 million public sale of stock with a $2.74 million greenshoe. The offering was announced Thursday.
The company will sell 2.75 million common shares at $6.65 per share. The price per share reflects a 4.04% discount to the May 24 closing share price of $6.93.
Ladenburg Thalmann & Co. Inc. is the bookrunner. Aegis Capital Corp., Maxim Group LLC and National Securities Corp. are the co-managers.
Settlement is expected May 31.
Proceeds will be used to acquire certain targeted assets and for general working capital purposes, including debt repayment.
New York Mortgage is a New York-based real estate investment trust.
| Issuer: | New York Mortgage Trust, Inc.
|
| Issue: | Cmmon stock
|
| Amount: | $18,287,500
|
| Greenshoe: | $2,743,125
|
| Shares: | 2.75 million
|
| Price: | $6.65
|
| Warrants: | No
|
| Bookrunner: | Ladenburg Thalmann & Co. Inc.
|
| Co-managers: | Aegis Capital Corp., Maxim Group LLC and National Securities Corp.
|
| Announcement date: | May 24
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Stock symbol: | Nasdaq: NYMT
|
| Stock price: | $6.93 at close May 24
|
| Market capitalization: | $93.84 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
