Marrone Bio Innovations Announces Exercise of Over-Allotment Option in Public Offering of Common Stock
Marrone Bio Innovations, Inc. (MBII)
Last marrone bio innovations, inc. earnings: 11/12 04:05 pm
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US:NASDAQ Investor Relations:
investors.marronebio.com/investor-relations
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Source: GlobeNewswire
DAVIS, Calif., April 26, 2018 (GLOBE NEWSWIRE) -- Marrone Bio Innovations, Inc. (NASDAQ:MBII) (MBI or the “Company”), a leading provider of bio-based pest management and plant health products for the agriculture, turf and ornamental and water treatment markets, today announced that the underwriter of its previously announced public offering of registered shares of the Company’s common stock has fully exercised its option to purchase an additional 1,091,250 shares of common stock from the Company at the public offering price of $1.65 per share. The over-allotment exercise resulted in additional gross proceeds to the Company of $1.8 million, for total gross proceeds from the offering of $13.8 million, and in anticipated additional net proceeds of $1.7 million, for total anticipated net proceeds from the offering of $12.7 million. National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NHLD), acted as sole book-running manager for the offering
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