ARC Group Worldwide Announces Effectiveness of $10.0 Million Fully Committed Rights Offering
ARC GROUP WORLDWIDE INC (ARCW)
Last arc group worldwide inc earnings: 2/9 04:35 pm
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US:NASDAQ Investor Relations:
arcgroupworldwide.com/investor-relations.html
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Source: GlobeNewswire
DELAND, Fla., Feb. 12, 2018 (GLOBE NEWSWIRE) -- ARC Group Worldwide, Inc. (“ARC” or the “Company”) (NASDAQ:ARCW), a leading global provider of advanced manufacturing and metal 3D printing solutions, today announced the effectiveness of its previously disclosed fully committed $10.0 million rights offering (the “Rights Offering”). The Company has also entered into Rights Offering backstop agreements with certain Company stockholders. The Company thus is highly confident it will raise an aggregate of $10.0 million in gross proceeds following the closing of the Rights Offering. The Board of Directors has set the Rights Offering subscription price for the purchase of common stock, par value $.0005 per share (the “Common Stock”), at $2.00 per whole share (the “Purchase Price”). The rights and securities offered for subscription in the Rights Offering have been registered with the Securities and Exchange Commission (the “SEC”) in a Registration Statement on Form S-1 which has been dec
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