Nasdaq: CRDC) today announced the full exercise of the overallotment option granted to the underwriters to purchase an additional 4,875,000 shares of common stock at the public offering price, less the underwriter discount
, in connection with the company's recently announced public offering of 32,500,000 shares of its common stock and 191,474 shares of its Series A convertible preferred stock.
6 million from the offering, after deducting the underwriter discount
and commissions and estimated expenses of the offering.
The net proceeds to the Company from the offering, after underwriter discount
and transaction expenses, were approximately $521 million.
8 million after deducting the underwriter discount
and estimated offering expenses.
The net proceeds of the offering, after underwriter discount
and expenses, will be used to pay a portion of the consideration required to acquire Hardee's Food Systems, Inc.
5 million, after deducting underwriter discounts
, commissions and estimated offering expenses.
23 million, after underwriter discounts
, from the sale of the over-allotment shares.
Total net proceeds to Edgen from the offering, after deducting underwriter discounts
and commissions and estimated offering expenses, are approximately $150.
665 per share and the company received proceeds of approximately $383,000, after underwriter discounts
In addition, the Company has granted the underwriter an option to purchase up to 2,000,000 additional shares from the Company at the offering price, less underwriter discounts
and commissions, within 30 days.
The company received proceeds, after underwriter discounts
, placement fees and other expenses of $9.
All expenses of the selling stockholder associated with the offering, other than underwriter discounts
and commissions, will be borne by the Company.