Signature Group Holdings Announces Pricing of Common Stock Offering (12/15/14)
SHERMAN OAKS, Calif. December 15, 2014 /PRNewswire/ -- Signature Group Holdings, Inc. ("Signature" or the "Company")(OTCQX: SGGH) announced today that it has priced its previously announced underwritten public offering of 4,384,615 shares of its common stock at $6.50 per share.
We intend to use the net proceeds from this offering for general corporate purposes, including to pay a portion of the purchase price of the pending acquisition by our indirect wholly owned subsidiary, Real Alloy Holding, Inc., of the equity interests of certain entities, which, together with their subsidiaries, comprise the global recycling and specification alloys business of Aleris Corporation (“GRSA”). This offering is not conditioned upon the completion of such acquisition, but is subject to customary conditions.
B. Riley & Co. is acting as the sole bookrunning manager for the offering.
The offering will be made only by means of a prospectus supplement and an accompanying prospectus. A copy of the final prospectus supplement, when available, can be obtained from: B. Riley & Co., telephone: (310) 966-1444 or email: compliance@brileyco.com.
You may also obtain this document for free by visiting EDGAR on the SEC website at www.sec.gov or on Signature’s website at www.signaturegroupholdings.com.
This press release does 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 or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction.
About Signature Group Holdings, Inc.
Signature is a North America-based holding company seeking to invest its capital in large, well-managed and consistently profitable businesses concentrated primarily in the U.S. industrial and commercial marketplace. Signature has significant capital resources, and federal net operating loss tax carry forwards of more than $900 million. For more information about Signature, visit its corporate website at www.signaturegroupholdings.com.