A-Mark Precious Metals Announces Filing of Registration Statement for Offering of 2.8 Million Primary and Secondary Shares of...
February 24 2021 - 7:00AM
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (“A-Mark” or
the “Company”), a leading fully integrated precious metals
platform, today filed with the Securities and Exchange Commission a
prospectus supplement to its previously-filed shelf registration
statement. This preliminary prospectus supplement relates to an
underwritten public offering of 2,800,000 shares of common stock,
consisting of 2,500,000 shares of common stock offered by the
Company and an aggregate of 300,000 shares of common stock by
certain stockholders of the Company (the “Selling Stockholders”).
The Company expects to grant the underwriters an option to purchase
up to an additional 420,000 shares of the common stock to cover
over-allotments, which will be exercisable for 30 days after the
pricing of the offering.
The Company currently intends to use the net proceeds of the
sale of shares by the Company to fund a portion of the
consideration payable in connection with the previously announced
acquisition of JM Bullion, Inc., and other general corporate
purposes. If the acquisition of JM Bullion is not consummated for
any reason, proceeds received by the Company from the offering will
be used for general corporate purposes. The Company will not
receive any proceeds from the sale of shares by the Selling
Stockholders.
D.A. Davidson and Roth Capital Partners are acting as joint
book-running managers for the offering. CIBC Capital Markers is
acting as a co-manager for the offering. When available, a copy of
the prospectus and prospectus supplement relating to the offering
may be obtained from D.A. Davidson & Co., 8 Third Street North,
Great Falls, MT 59401, by telephone: 1-800-332-5915, or by email:
prospectusrequest@dadco.com.
The registration statement relating to the sale of these
securities has been filed with the Securities and Exchange
Commission but has not yet become effective. These securities may
not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release does
not constitute an offer to sell 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 the registration
and qualification under the securities laws of such state or
jurisdiction. The actual amount of any securities to be issued, and
the terms of those securities, will be determined at the time of
sale.
Company Contact:Thor Gjerdrum, PresidentA-Mark
Precious Metals, Inc.1-310-587-1414thor@amark.com
Investor Relations Contact:Matt GloverGateway
Investor Relations1-949-574-3860AMRK@gatewayir.com
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