Ardmore Shipping (ASC) Prices 5.58M Secondary Public Offering at $8.10/Share
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Ardmore Shipping Corporation Announces Pricing of Secondary Public Offering by GA Holdings LLC and Ardmore's Concurrent Repurchase of Common Stock
November 28, 2017 8:47 AM ESTHAMILTON, Bermuda, Nov. 28, 2017 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that GA Holdings LLC (the "Selling Shareholder") has priced an underwritten public offering of 5,579,978 shares of the Company's common stock at a public offering price of $8.10 per share. The Company has granted the underwriter a 30-day option to purchase up to an additional 634,497 shares of common stock. The Company has agreed to purchase from the underwriter 1,350,000 shares of its common stock that are subject to this offering and to purchase from the Selling Shareholder in a... More
