S&W Seed Company's Units to Separate
June 08 2010 - 9:00AM
Business Wire
S&W Seed Company (NasdaqCM: SANWU, SANW, SANWW, SANWZ), a
leader in breeding and developing proprietary alfalfa seed
varieties, today announced that the Units issued in connection with
its initial public offering will separate into common stock and
warrants, and the component securities will begin trading as
separate securities on June 14, 2010. The common stock, Class A
warrants and Class B warrants will trade on the NASDAQ Capital
Market under the symbols SANW for the common stock, SANWW for the
Class A warrants and SANWZ for the Class B warrants. The Units will
cease to trade after the market close on June 11, 2010.
The Units have traded under the symbol SANWU since the Company
completed its initial public offering. Each Unit is comprised of
two shares of common stock, one Class A warrant and one Class B
warrant. For more information on the Company's Units, common stock
and warrants please refer to the Company's prospectus dated May 3,
2010, which can be obtained on the Securities and Exchange
Commission website at www.sec.gov.
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
in poor, saline 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.
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