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Stock impact report

SBC Medical Announces Closing of Previously Announced Secondary Public Offering of 3.1 million shares of Common Stock

SBC Medical Group Holdings Incorporated (SBC) 
Company Research Source: Business Wire
IRVINE, Calif.--(BUSINESS WIRE)--SBC Medical Group Holdings Incorporated (Nasdaq: SBC) (“the Company”), a Management Service Organization operating a wide range of franchise businesses across diverse medical fields, today announced the closing of its previously announced underwritten secondary public offering of 3,100,000 shares of the Company’s common stock by Dr. Yoshiyuki Aikawa (the “Selling Stockholder”) at the public offering price of $3.25 per share. The proceeds from the offering to the Selling Stockholder were approximately $10.1 million, before deducting underwriting discounts and commissions.The Company did not sell any shares of its common stock in the offering. The Selling Stockholder received all of the proceeds from the offering.Maxim Group LLC acted as the sole book-running manager and Roth Capital Partners acted as the co-manager for the offering.The offering was made pursuant to the Company’s effective shelf registration statement on Form S-3, including a base pr Show less Read more
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