LOS ANGELES, June 3, 2014 /PRNewswire/ -- B. Riley &
Co., LLC, (B. RILEY) www.brileyco.com, a leading investment bank
which provides a full array of corporate finance, research, sales
and trading services, announced that it acted as sole underwriter
in an approximately $16 Million
Public Offering for Cache, Inc. (NASDAQ: CACH).
The offering, which closed June 2,
2014, consisted of 9.2 million shares of common stock priced
at $1.75 per share, which included an
overallotment of 1.2 million shares which the underwriter exercised
in full.
"B. Riley did an outstanding job for Cache," said Jay Margolis, Cache's Chairman and CEO.
"The offering was completed on schedule, raised the desired amount
of capital and attracted both existing and new shareholders.
I believe that the financing's success demonstrates B. RILEY's deep
knowledge of the retail industry and their team's ability to craft
innovative financial solutions."
"We appreciate that Cache's management allowed us the
opportunity to help solve its capital raising needs," said
Bryant Riley, Chairman of B. RILEY.
"For nearly two decades the Consumer/Retail sector has been a major
area of focus at B. RILEY. We currently are expanding our resources
to provide a broader array of financial services to companies in
this sector."
New York City-based Cache is a
nationwide, mall-based specialty retailer of apparel and
accessories. Cache offers a boutique shopping experience for
stylish and fashion-conscious women with a product line consisting
of elegant evening wear, event and day dresses, casual sportswear
and accessories, primarily sold under the Cache brand. Cache
currently operates 239 stores, primarily situated in central
locations in high traffic, upscale malls in 41 states, the
Virgin Islands and Puerto Rico. http://www.cache.com
Information contained herein should not be considered an offer
or solicitation to buy or sell securities.
About B. RILEY:
B. Riley & Co., LLC (B. RILEY) is a leading investment
bank which provides a full array of corporate finance, research,
and sales & trading to corporate, institutional and high net
worth individual clients. Investment banking services include
initial, secondary and follow-on offerings, institutional private
placements, and merger and acquisitions advisory to public and
private middle market companies. The firm is nationally recognized
for its highly ranked proprietary equity research. Founded in 1997,
B. RILEY is headquartered in Los
Angeles and maintains offices in: New York, San
Francisco, and Newport Beach,
California. It is a member of FINRA and SIPC. For more
information, please visit www.brileyco.com
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SOURCE B. Riley & Co., LLC
