Roth Capital Partners is the bookrunner; Craig-Hallum Capital assists
By Devika Patel
Knoxville, Tenn., Nov. 25 – Revolution Lighting Technologies, Inc. said it priced a $10 million public sale of stock with a $1.5 million greenshoe. The deal was announced Monday.
The company will sell 8 million common shares at $1.25 apiece. The price per share is a 14.97% discount to the Nov. 24 closing share price of $1.47.
Roth Capital Partners is the bookrunning manager.
Settlement is expected Dec. 1.
Proceeds will be used for general corporate purposes, including working capital and possible acquisitions.
Based in Stamford, Conn., Revolution Lighting designs, manufactures and markets LED lighting solutions for the industrial, commercial and government markets.
| Issuer: | Revolution Lighting Technologies, Inc.
|
| Issue: | Common shares
|
| Amount: | $10 million
|
| Greenshoe: | $1.5 million
|
| Shares: | 8 million
|
| Price: | $1.25
|
| Warrants: | No
|
| Bookrunner: | Roth Capital Partners
|
| Co-manager: | Craig-Hallum Capital Group
|
| Announcement date: | Nov. 24
|
| Pricing date: | Nov. 25
|
| Settlement date: | Dec. 1
|
| Stock symbol: | Nasdaq: RVLT
|
| Stock price: | $1.47 at close Nov. 24
|
| Market capitalization: | $105.15 million
|
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