RONKONKOMA, N.Y., Aug. 22, 2017 /PRNewswire/ -- Lakeland
Industries, Inc. (NASDAQ: LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of
protective clothing for industry, healthcare and to first
responders on the federal, state and local levels, today announced
the closing of its previously announced underwritten public
offering of 725,000 shares of its common stock at a public offering
price of $13.80 per share. The
net proceeds to Lakeland, after
deducting the underwriting discount and estimated offering expenses
payable by Lakeland, were
approximately $8.95 million.
Roth Capital Partners and Craig-Hallum Capital Group acted as
joint book-running managers for the offering.
Additional Information Regarding the Offering
A shelf registration statement on Form S-3 (File No. 333-216943)
relating to these securities was declared effective by the
Securities and Exchange Commission (the "SEC") on April 11, 2017. The offering was made by
means of a base prospectus included in the registration statement
and a prospectus supplement, copies of which may be obtained by
visiting the SEC's website at http://www.sec.gov or by contacting
Roth Capital Partners, LLC, 888 San Clemente Drive, Suite 400,
Newport Beach, California 92660,
telephone (949) 720-7227 or email at rothecm@roth.com or
Craig-Hallum Capital Group LLC, 222 South 9th Street,
Suite 350, Minneapolis, MN 55402,
telephone (612) 334-6300 or email at prospectus@chlm.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or 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.
About Lakeland Industries, Inc.:
Lakeland Industries,
Inc. (NASDAQ: LAKE) manufactures and sells a comprehensive line of
safety garments and accessories for the industrial protective
clothing market. The Company's products are sold by a direct
sales force and through independent sales representatives to a
network of over 1,200 safety and mill supply distributors. These
distributors in turn supply end user industrial customers such as
chemical/petrochemical, automobile, steel, glass, construction,
smelting, janitorial, pharmaceutical and high technology
electronics manufacturers, as well as hospitals and laboratories.
In addition, Lakeland supplies
federal, state, and local government agencies, fire and police
departments, airport crash rescue units, the Department of Defense,
the Centers for Disease Control and Prevention, and many other
federal and state agencies. For more information concerning
Lakeland, please visit the Company
online at www.lakeland.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Forward-looking statements involve risks,
uncertainties and assumptions as described from time to time in
Press Releases and Forms 8-K, registration statements, quarterly
and annual reports and other reports and filings filed with the
Securities and Exchange Commission or made by management. All
statements, other than statements of historical facts, which
address Lakeland's expectations of
sources or uses for capital or which express the Company's
expectation for the future with respect to financial performance or
operating strategies can be identified as forward-looking
statements. As a result, there can be no assurance that
Lakeland's future results will not
be materially different from those described herein as "believed,"
"projected," "planned," "intended," "anticipated," "estimated" or
"expected," or other words which reflect the current view of the
Company with respect to future events. We caution readers
that these forward-looking statements speak only as of the date
hereof. The Company hereby expressly disclaims any obligation
or undertaking to release publicly any updates or revisions to any
such statements to reflect any change in the Company's expectations
or any change in events conditions or circumstances on which such
statement is based.
View original content with
multimedia:http://www.prnewswire.com/news-releases/lakeland-industries-announces-closing-of-public-offering-of-its-common-stock-300507993.html
SOURCE Lakeland Industries, Inc.