Broadpoint Gleacher Securities Group, Inc. Announces Pricing of Public Offering of Common Stock.NEW YORK New York, state, United StatesNew York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Broadpoint Gleacher Securities Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BPSG BPSG Boron-Doped Phosphosilicate Glass ) announced today the pricing of an underwritten public offering of its common stock consisting of 14,000,000 shares from the Company and 9,500,000 shares held by certain of its existing shareholders pursuant to an effective registration statement. BofA Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , Broadpoint.Gleacher and Sandler O'Neill + Partners, L.P. are the bookrunners for the offering, and Keefe Bruyette & Woods and Fox-Pitt Kelton Cochran Caronia Waller are the co-managers. The price to the public is $6.25 per share, and proceeds to the Company from the offering, net of underwriting discounts and commissions and expenses, are expected to be approximately $81.4 million. The Company will not receive any of the proceeds from the sale of shares by the selling shareholders. The Company intends to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from this offering for working capital, general corporate purposes, potential acquisitions and expansion of its business generally. The Company has granted to the underwriters a 30-day option to purchase up to an additional 2,000,000 shares, and one of the selling shareholders has granted to the underwriters a 30-day option to purchase up to an additional 1,525,000 shares, to cover over-allotments, if any. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities has been filed with and declared effective by the Securities and Exchange Commission. A final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. concerning this offering may be obtained from BofA Merrill Lynch by calling 212-449-1000 or by writing to BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department or from Sandler O'Neill + Partners, L.P. by calling 866-805-4128 or by writing to Sandler O'Neill + Partners, L.P., 919 Third Avenue, 6th Floor, New York, NY 10022, Attn: Syndicate Department. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. About Broadpoint.Gleacher Broadpoint Gleacher Securities Group, Inc. (NASDAQ: BPSG) is an independent investment bank that provides corporations and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. with strategic, research-based investment opportunities, capital raising, and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , including merger and acquisition, restructuring, recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. and strategic alternative analysis services. Forward Looking Statements This press release contains "forward-looking statements." These statements are not historical facts but instead represent the Company's belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control. The Company's forward-looking statements are subject to various risks and uncertainties, including the conditions of the securities markets, generally, and acceptance of the Company's services within those markets and other risks and factors identified from time to time in the Company's filings with the Securities and Exchange Commission. It is possible that the Company's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in its forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update any of its forward-looking statements. |
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