Gladstone Investment Announces Subscription Price of $7.48 per share for Transferable Rights Offering
April 22 2008 - 8:54AM
Business Wire
Gladstone Investment Corp. (NASDAQ:GAIN) (the �Company�) announced
today that the subscription price for its transferable rights
offering, which allowed stockholders of record as of March 31, 2008
to purchase additional shares of common stock, has been set at
$7.48 per share. As previously announced, the subscription price is
93% of the volume-weighted average of the sales prices of the
Company�s common stock on the NASDAQ Global Select Market for the
five consecutive trading days ending on the expiration date of
April 21, 2008. All of the rights expired at 5:00PM EDT Monday,
April 21, 2008. The Company will announce the final results of the
rights offering upon the completion of the closing of the offering,
which the Company expects to occur on April 28, 2008. Gladstone
Investment Corporation is an investment company that seeks to make
debt and equity investments in small and mid-sized private
businesses in the U.S. in connection with acquisitions, changes in
control and recapitalizations. For more information please visit
our website at www.GladstoneInvestment.com. For further information
contact Investor Relations at 703-287-5835. This press release may
include statements that may constitute �forward-looking
statements,� including statements with regard to the future
performance of the Company. Words such as �believes,� �expects,�
�anticipates,� �estimated,� �approximately,� �projects� and
�future� or similar expressions are intended to identify
forward-looking statements. These forward-looking statements
inherently involve certain risks and uncertainties, although they
are based on the Company�s current plans that are believed to be
reasonable as of the date of this press release. Factors that may
cause the Company�s actual results, levels of activity, performance
or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by such forward-looking statements include, among others,
those factors listed under the caption "Risk factors" of the
Company�s Prospectus dated January 14, 2008, as filed with the
Securities and Exchange Commission on March 24, 2008. These
forward-looking statements also include unknown risks and
uncertainties, including the completion of the Offering, the
development of an active trading market for the rights, the amount
of proceeds of the Offering, the availability of attractive
investment opportunities, management�s ability to identify
investment opportunities that will balance the significance of
other investments in the Company�s portfolio, and the effect of the
Offering on future distributions by the Company. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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