S&W Seed Company Announces Pricing of Its Initial Public Offering
05 Mai 2010 - 3:30PM
Business Wire
S&W Seed Company (NasdaqCM:SANWU), a leader in breeding and
developing proprietary alfalfa seed varieties, today announced that
trading has commenced in its initial public offering of 1,400,000
units, which priced at $11.00 per unit, raising gross proceeds of
$15,400,000. Each unit consists of two shares of common stock, one
Class A warrant and one Class B warrant. The units began trading on
the NASDAQ Capital Market on May 4, 2010 under the ticker symbol
“SANWU” and will trade for between 30 and 45 days, after which the
units will be delisted and the common stock, Class A warrants and
Class B warrants will trade as separate securities. The
underwriters have a 45-day option to purchase an additional 210,000
units to cover over-allotments, if any.
Paulson Investment Company, Inc., the operating subsidiary of
Paulson Capital Corporation (NasdaqCM:PLCC), is acting as
representative of the several underwriters for the public offering.
The offering is being made only by means of a prospectus, copies of
which may be obtained from Paulson Investment Company, Inc,
Attention: Syndicate Department, 811 SW Naito Parkway, Suite 200,
Portland, Oregon 97204, telephone (800) 433-9045 or by e-mail at
nbales@paulsoninvestment.com.
A registration statement relating to the units of S&W Seed
Company has been declared effective by the Securities and Exchange
Commission. This press release shall not constitute an offer to
sell or a solicitation of an offer to buy, nor shall there be any
sale of these securities in any state or jurisdiction in which such
an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About S&W Seed Company
S&W Seed Company, founded in 1980, is a leader in warm
climate alfalfa seed varieties, including varieties that can
thrive on poor, saline (salty) soils. The company’s claims to salt
tolerance and high yield product leadership are verified by
decades of university-sponsored trials. S&W is owns a
40 acre alfalfa seed cleaning and processing facility. A
large percentage of its sales are to a distributor who sells
to foreign end users, principally in Saudi Arabia. In fiscal
2010, the company launched a pilot program to produce stevia
leaf, the source of an all natural, non-caloric
sweetener. For more information on the company, please visit
their website, www.swseedco.com.
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