Iconix Brand (ICON) Announces Follow-On Equity Offering: 9.2M Shares With 800K Shares from Selling Stockholders

June 1, 2009 5:01 PM EDT

Iconix Brand Group, Inc. (Nasdaq: ICON) today announced that it has filed a shelf registration statement with the SEC for a proposed follow-on public offering of shares of its common stock for the Company and certain of its stockholders. The Company also anticipates filing a preliminary prospectus supplement. Barclays Capital Inc. and Lazard Capital Markets LLC are acting as joint bookrunning managers for the offering, with Credit Suisse Securities (USA) LLC acting as the co-manager for the offering.

Iconix expects that it will offer approximately 9.2 million shares of the Company's common stock and the selling stockholders will offer 800,000 shares. The selling stockholders include Neil Cole, the Company's CEO and Chairman, and two of the Company's directors. In addition, the Company also expects to grant to the underwriters an option to purchase up to an additional 1,500,000 shares. The Company intends to use the proceeds it receives from this offering for general corporate purposes, which may include, among other things, the funding of acquisitions. The public offering price has not yet been determined.

Related Categories

Equity Offerings

Stocks Mentioned

Related Entities

• Credit Suisse
• Lazard
• Barclays

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