A-Mark Precious Metals Announces Pricing of Public Offering of Common Stock
March 04 2021 - 9:18AM
A-Mark Precious Metals, Inc. (NASDAQ:
AMRK) (A-Mark), a leading fully integrated precious metals
platform, today announced that it had priced an offering of
2,500,000 shares of its common stock at a price to the public of
$28.00 per share. All of the shares of common stock are being
offered by A-Mark. In addition, A-Mark has granted the underwriters
a 30-day option to purchase up to 375,000 additional shares of its
common stock at the public offering price, less underwriting
discounts, and commissions. The offering is expected to close on
March 8, 2021, subject to customary closing conditions.
D.A. Davidson & Co. 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.
A-Mark currently intends to use the net proceeds from the
offering 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 from the
offering will be used by A-Mark for general corporate purposes.
The offering is being made pursuant to an effective registration
statement on Form S-3 (No. 333-249060), which was declared
effective by the Securities and Exchange Commission today. Copies
of the final prospectus supplement and accompanying prospectus
relating to the offering, when available, 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.
This press release does not and shall not constitute an offer to
sell or the solicitation of an offer to buy any 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 or qualification under the
securities law of any such state or jurisdiction.
Important Cautions Regarding Forward-Looking
StatementsStatements in this press release that relate to
the closing of the underwritten offering and the consummation of
the acquisition of JM Bullion are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995 and the Securities Exchange Act of 1934. The Company may be
unsuccessful in closing the underwritten offering, or in
consummating the acquisition of JM Bullion, on the terms presently
contemplated or at all. The underwritten offering and the
acquisition are subject to various conditions which may not be
satisfied depending on a variety of business, economic, political,
governmental and market factors, including those that are described
in the Company’s registration statement on Form S-3 referred to
above and the Company’s other public filings with the SEC. We
undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
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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