Ballantyne Strong (BTN) to Offer Common Stock

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Ballantyne Strong Announces Proposed Public Offering of Common Stock

February 3, 2021 4:15 PM EST

Charlotte, NC, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Ballantyne Strong, Inc. (NYSE American: BTN) (Ballantyne Strong or the Company) today announced that it intends to offer to sell shares of its common stock in an underwritten public offering. All of the shares of common stock are to be sold by the Company.

ThinkEquity, a division of Fordham Financial Management, Inc., is acting as sole book-running manager for the offering.

The Company expects to grant the underwriter a 45-day option to purchase up to an... More