Paulson Investment Company, Inc. Completes $15.4 Million Initial Public Offering for S&W Seed
May 07 2010 - 2:05PM
Marketwired
Paulson Investment Company, Inc., a wholly owned subsidiary of
Paulson Capital Corp. (NASDAQ: PLCC), today announced it had served
as lead manager on the recently completed initial offering for
S&W Seed Company (NASDAQ: SANWU). The offering, which grossed
$15.4 million, closed on Friday, May 7, 2010 and was co-managed by
Feltl and Company.
The S&W Seed offering consisted of 1.4 million units at an
offering price of $11.00 per unit. Each unit was composed of two
shares of common stock and two five year, redeemable warrants.
S&W Seed Class A warrants are exercisable at $7.15 and the
Class B warrants are exercisable at $11.00. The common stock, Class
A warrants and Class B warrants will trade only as part of the unit
for up to 45 days.
"Despite a volatile marketplace Paulson Investment Company, Inc.
continues to uncover promising and innovative companies such as
S&W Seed that are deserving of financial support," stated
Chester (Chet) Paulson, Founder and Chairman of Paulson Investment
Company, Inc. "At Paulson we strive to bring tenacious businesses
backed by entrepreneurial spirit to the marketplace and believe we
can help fuel both further innovation and economic recovery by
doing so."
"This IPO marks the completion of more than 166 offerings by
Paulson Investment Company, Inc. and the generation of more than
$1.2 billion for client companies over nearly 40 years in
business," said Trent Davis, Chief Executive Officer, Paulson
Investment Company, Inc. "Paulson supports growing and innovative
companies like S&W Seed that are positioned to grow and thrive
even in the most challenging market conditions."
About S&W Seed Company S&W Seed
Company is an agricultural company focusing on the breeding,
contracting, processing, and selling of primarily alfalfa seed.
S&W Seed specializes in developing proprietary alfalfa seed
varieties that are suited to warmer climates and produce high
yields of superior quality alfalfa hay for animal feed. The
company's web site is available at www.swseedco.com.
About Paulson Capital Corporation Paulson
Capital Corporation is the parent company to Paulson Investment
Company, Inc. Headquartered in Portland, Oregon, Paulson Investment
Company, Inc. is the Northwest's largest independent brokerage firm
and a national leader in public offerings of small and emerging
growth companies with capital needs of $5 million to $45 million.
Founded by Chester "Chet" Paulson in 1970, it has managed or
underwritten 166 securities offerings and has generated more than
$1.2 billion for client companies.
With 42 branch offices throughout the country, Paulson
Investment Company, Inc. (member FINRA/SIPC) aims to earn and build
trust with retail and select institutional investors through highly
customized financial portfolio management, diversified financial
products and service offerings and effective administration and
execution of investment strategies that specifically address
individual risk tolerance levels. In addition, Paulson Investment
Company, Inc.'s brokerage clients look to the firm for compelling
new investment ideas in the small and emerging growth markets. The
company's web site is available at www.paulsoninvestment.com.
This release may contain "forward-looking statements" based on
current expectations but involving known and unknown risks and
uncertainties. Actual results of achievements may be materially
different from those expressed or implied. The Company's plan and
objectives are based on judgments with respect to future conditions
in the securities markets as well as general assumptions regarding
the economy and competitive environment in the securities industry,
which can be volatile and out of our control. In particular, we
make assumptions about our ability to complete corporate finance
transactions and increase the volume and size of our securities
trading operations, which are difficult or impossible to predict
accurately and often beyond the control of the Company. Therefore,
there can be no assurance that any forward-looking statement will
prove to be accurate.
MEDIA CONTACT: Amber Roberts Lane PR 646.673.8547
amber@lanepr.com
S&W Seed Company (MM) (NASDAQ:SANWU)
Historical Stock Chart
From Jun 2024 to Jul 2024
S&W Seed Company (MM) (NASDAQ:SANWU)
Historical Stock Chart
From Jul 2023 to Jul 2024