S&W Seed Announces Closing of Public Offering
May 07 2010 - 3:10PM
Business Wire
S&W Seed Company (NasdaqCM: SANWU), a leader in breeding and
developing proprietary alfalfa seed varieties, announced today
that, on May 7, 2010, it closed on its public offering, raising
gross proceeds of $15,400,000.
Each unit consists of two shares of common stock, one Class A
warrant and one Class B warrant. The units began trading on the
NASDAQ Capital Market on May 4, 2010 under the ticker symbol
“SANWU” and will trade for between 30 and 45 days, after which the
units will cease trading and the common stock, Class A warrants and
Class B warrants will trade as separate securities. The
underwriters have a 45-day option to purchase an additional 210,000
units to cover over-allotments, if any.
"We congratulate Chet Paulson, Chairman of Paulson Investment
Company and John Feltl, CEO of Feltl & Company and their teams
for their professionalism and high ability. We welcome our new
stockholders and promise them that everyone at S&W
will be working their hardest for them," said Grover Wickersham,
Chairman of the Board.
About S&W Seed Company
S&W Seed Company, founded in 1980, is a leader in warm
climate alfalfa seed varieties, including varieties that can
thrive on poor, saline (salty) soils. The company's claims to salt
tolerance and high yield product leadership are verified by
decades of university-sponsored trials. S&W owns a 40
acre alfalfa seed cleaning and processing facility. A
large percentage of its sales are to a distributor who sells
to foreign end users, principally in Saudi Arabia. In fiscal
2010, the company launched a pilot program to produce stevia
leaf, the source of an all natural, non-caloric
sweetener. For more information on the company, please visit
their website, www.swseedco.com.
About Paulson Investment
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.
About Feltl and Company
Feltl and Company is a full service securities brokerage and
investment banking firm headquartered in Minneapolis, MN. The
company focuses on serving the investment requirements of valued
individual, institutional and corporate clients. Feltl and Company
serves a leadership role in the support of emerging and rapidly
growing companies in the small-cap market through its corporate
finance services and extensive research coverage. Feltl and Company
was founded in 2002 and is comprised of a team of principals with
over 100 years of combined investment experience.
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