STAMFORD, Conn.–(BUSINESS WIRE)–Revolution Lighting Technologies, Inc. (RVLT) (“Revolution Lighting”), a global provider of advanced LED lighting solutions, today announced the pricing of its underwritten public offering of 8,000,000 shares of its common stock at a price of $1.25 per share. Revolution Lighting has also granted the underwriters a 30-day option to purchase up to an aggregate of 1,200,000 additional shares of common stock to cover over-allotments, if any.
After deducting the underwriting discount and estimated offering expenses, and assuming no exercise of the underwriters’ overallotment option, Revolution Lighting expects to receive net proceeds of approximately $9.3 million from the offering. The offering is expected to close on December 1, 2014, subject to customary closing conditions. Revolution Lighting intends to use the net proceeds from the offering for general corporate purposes, including working capital and the financing of possible acquisitions.
Roth Capital Partners is acting as sole book-running manager for the proposed offering, and Craig-Hallum Capital Group is acting as co-manager.
The shares described above are being offered pursuant to a registration statement previously filed with and subsequently declared effective by the Securities and Exchange Commission (the “SEC”). A final prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC’s website at https://www.sec.gov/.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, 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 of any such state or jurisdiction.