IPOS - Sow Good Announces Exercise of Overallotment Option from Public Offering | Benzinga
IRVING, Texas, May 09, 2024 (GLOBE NEWSWIRE) -- Sow Good Inc. (NASDAQ:SOWG) ("Sow Good" or "the Company"), a trailblazer in the freeze dried candy and treat industry, announced that the underwriters of its recently completed public offering of common stock have purchased 180,000 shares of its common stock upon full exercise of their option to purchase additional shares of common stock to cover over-allotments at the initial offering price of $10.00 per share.
Including proceeds from the sale of additional shares, the offering yielded approximately $13.8 million in gross proceeds before offering expenses and underwriting discounts and commissions.
Roth Capital Partners acted as sole book-running manager for the offering. Craig-Hallum is acted as the co-manager for the offering.
A registration statement on Form S-1 relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on May 1, 2024. 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 or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws ...