Comstock Announces Filing of Registration Statement for Follow-On Public Offering of Class A Common Stock
May 24 2005 - 8:30AM
PR Newswire (US)
Comstock Announces Filing of Registration Statement for Follow-On
Public Offering of Class A Common Stock RESTON, Va., May 24
/PRNewswire-FirstCall/ -- Comstock Homebuilding Companies, Inc.
(NASDAQ:CHCI) ("Comstock") announced today that it has filed a
registration statement with the Securities and Exchange Commission
for a follow-on public offering of approximately 3.25 million
shares of its Class A common stock. Banc of America Securities LLC
and BB&T Capital Markets are the joint lead managers of the
offering and Robert W. Baird & Co. and Ferris, Baker Watts,
Incorporated are co-managers of the offering. Comstock will be
offering 2,255,000 shares of common stock and certain selling
stockholders (as identified in the prospectus) will be offering an
additional 575,000 shares of common stock. In addition, certain
selling stockholders will grant the underwriters an option to
purchase up to 424,500 additional shares to cover over-allotments,
if any. A registration statement relating to 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 shall not
constitute an offer to sell or a solicitation of an offer to buy,
nor shall there be a sale of these securities, in any state or
other jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. When available,
copies of the prospectus relating to the offering may be obtained
from Banc of America Securities LLC, Attn: Prospectus Department,
100 West 33rd Street, New York, NY 10001 or via e-mail at . About
Comstock Homebuilding Companies, Inc. Comstock is a production
homebuilder that develops, builds, and markets single-family homes,
townhouses, and condominiums. Comstock currently operates in the
Washington, D.C. and Raleigh, North Carolina markets where it
targets a diverse range of buyers, including first-time, early
move-up, secondary move-up, empty nester move-down and active adult
home buyers. For more information on Comstock, please visit
http://www.comstockhomebuilding.com/ . DATASOURCE: Comstock
Homebuilding Companies, Inc. CONTACT: Investor Relations: Bruce J.
Labovitz of Comstock Homebuilding Companies, Inc., Chief Financial
Officer, +1-703-883-1700 ext. 131, ; Media: Al Black of Qorvis
Communications, +1-703-784-7833, Web Site:
http://www.comstockhomebuilding.com/
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