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Stock impact report

Hamilton Lane Announces Completion of Class A Common Stock Offering

Hamilton Lane Incorporated - Class A (HLNE) 
Last hamilton lane incorporated - class a earnings: 2/4 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
BALA CYNWYD, Pa., Sept. 17, 2018 (GLOBE NEWSWIRE) -- Private markets asset management firm Hamilton Lane Incorporated (NASDAQ: HLNE) (“Hamilton Lane”) today announced the closing of an underwritten public offering by Hamilton Lane and certain selling stockholders of 2,880,979 shares of its Class A common stock, in the aggregate, for gross proceeds of $137.6 million. Hamilton Lane received approximately $129.2 million in proceeds from the sale of its shares, net of estimated offering expenses, and intends to use the proceeds to settle in cash exchanges of membership units in Hamilton Lane Advisors, L.L.C. held by certain of its members. Hamilton Lane will not retain any proceeds from its sale of shares, nor will it receive any proceeds from the sale of shares by the selling stockholders. J. P. Morgan and Morgan Stanley acted as joint book-running managers and underwriters for the offering. The offering was made pursuant to an effective shelf registration statement (Registration No Show less Read more
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