Rocky Brands, Inc. Completes Common Stock Offering
May 17 2010 - 8:00AM
Business Wire
Rocky Brands, Inc. (Nasdaq: RCKY) announced today that it has
completed its previously announced public offering of common stock
at a price of $8.40 per share to the public.
Rocky Brands received net proceeds from the offering of
approximately $14.1 million after deducting underwriting discounts
and commissions and estimated expenses of the offering. Rocky
Brands will use the net proceeds from the offering for the
repayment of long-term debt.
The underwriters in the offering hold an option to purchase up
to 270,000 additional shares of common stock at the $8.40 per share
to cover any overallotments.
Robert W. Baird & Co. acted as sole book-running manager for
the offering. D.A. Davidson & Co. acted as co-manager for the
offering. The offering is being made only by means of a prospectus
and related prospectus supplement, copies of which may be obtained
from the offices of Robert W. Baird & Co. Incorporated, 777
East Wisconsin Avenue, 28th Floor, Milwaukee, Wisconsin 53202-5391,
or by calling 1-800-792-2413. Electronic copies of the prospectus
and the prospectus supplement are available on the Securities and
Exchange Commission’s Web site at www.sec.gov.
This press release does not constitute an offer to sell these
securities or a solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Rocky Brands,
Inc.
Rocky Brands, Inc. is a leading designer, manufacturer and
marketer of premium quality footwear and apparel marketed under a
portfolio of well recognized brand names including Rocky®, Georgia
Boot®, Durango®, Lehigh®, and the licensed brands Michelin® and
Mossy Oak®.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities and Exchange Act of
1934, as amended, which are intended to be covered by the safe
harbors created thereby. Those statements include, but may not be
limited to, all statements regarding intent, beliefs, expectations,
projections, forecasts, and plans of the Company and its
management. These forward-looking statements involve numerous risks
and uncertainties, including, without limitation, the various risks
inherent in the Company’s business as set forth in periodic reports
filed with the Securities and Exchange Commission, including the
Company’s annual report on Form 10-K for the year ended December
31, 2009 (filed March 2, 2010) and quarterly report on Form 10-Q
for the period ended March 31, 2020 (filed May 3, 2010). One or
more of these factors have affected historical results, and could
in the future affect the Company’s businesses and financial results
in future periods and could cause actual results to differ
materially from plans and projections. Therefore there can be no
assurance that the forward-looking statements included in this
press release will prove to be accurate. In light of the
significant uncertainties inherent in the forward-looking
statements included herein, the Company, or any other person should
not regard the inclusion of such information as a representation
that the objectives and plans of the Company will be achieved. All
forward-looking statements made in this press release are based on
information presently available to the management of the Company.
The Company assumes no obligation to update any forward-looking
statements.
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