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Stock impact report

Synalloy Announces At-The-Market Offering Program

Synalloy Corporation (SYNL) 
US:NASDAQ Investor Relations: investor.synalloy.com/investor-relations
Company Research Source: GlobeNewswire
RICHMOND, Va., Aug. 10, 2018 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL) (“Synalloy”) announced today that it has filed a prospectus supplement under which it may issue and sell, from time to time, up to an aggregate of $10 million of its common stock (“Common Stock”) under an “at-the-market” equity offering program (the “ATM Program”) through BB&T Capital Markets, a division of BB&T Securities, LLC, and Ladenburg Thalmann & Co. Inc. Sales of Common Stock, if any, under the ATM Program would be made by methods deemed to be an “at-the-market” offering as defined in Rule 415 promulgated under the Securities Act of 1933, as amended, including sales made through The Nasdaq Stock Market (“Nasdaq”) or any other trading market for the Common Stock, sales to or through a market maker, or in privately negotiated transactions. Synalloy expects to use net proceeds, if any, from the ATM Program over time as a source for general corporate purposes, which may include, without limitatio Show less Read more
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