GSV Announces Closing of Follow-on Offering
February 15 2012 - 11:52AM
GSV Capital Corp. (Nasdaq:GSVC) (the "Company") today announced
that it has closed its previously announced follow-on offering of
shares of its common stock. In connection with today's closing, the
Company issued 6,900,000 shares of its common stock (including
900,000 shares of common stock that were issued upon full exercise
of the underwriters' over-allotment option), resulting in gross
proceeds of $103.5 million.
The Company intends to use the net proceeds of this public
offering to invest in portfolio companies in accordance with its
investment objective and strategies, and for working capital and
general corporate purposes.
Citigroup Global Markets Inc. acted as sole book-running manager
for the offering. Ladenburg Thalmann & Co. Inc., a subsidiary
of Ladenburg Thalmann Financial Services Inc. (NYSE Amex:LTS),
Lazard Capital Markets, National Securities Corporation, Aegis
Capital Corp. and Maxim Group LLC acted as co-managers.
About GSV Capital Corp.
GSV Capital Corp. (Nasdaq:GSVC) is a publicly traded investment
fund that seeks to invest in high-growth, venture-backed private
companies. Led by industry veteran Michael Moe, the fund seeks to
create a portfolio of high-growth emerging private companies via a
repeatable and disciplined investment approach, as well as to
provide investors with access to such companies through its
publicly traded common stock. GSV Capital is headquartered in
Woodside, CA.
The GSV Capital Corp. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=9556
Forward-Looking Statements
Statements included herein may constitute "forward-looking
statements," which relate to future events or our future
performance or financial condition. These statements are not
guarantees of future performance, condition or results and involve
a number of risks and uncertainties. Actual results may differ
materially from those in the forward-looking statements as a result
of a number of factors, including those described from time to time
in our filings with the Securities and Exchange
Commission. GSV Capital Corp. undertakes no duty to
update any forward-looking statements made herein.
CONTACT: GSV Contacts:
Investors:
Alex Wellins
(415) 217-5861
alex@blueshirtgroup.com
Media:
Kim Hughes
(415) 516-6187
kim@blueshirtgroup.com
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