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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., May. 30, 11:51 PM

Slide #3. BG Staffing, Inc. Secondary Offering

Company: BG Staffing, Inc. (AMEX:BGSF)
Date announced: 5/26/2016
Shares Offered: 1,075,000
Date of Pricing: 5/27/2016
Price Per Share: $14.00
Secondary Offering Details: BG Staffing, Inc. (NYSE MKT: BGSF), a rapidly growing national provider of temporary staffing services, today announced that it intends to offer and sell newly issued shares of its common stock in an underwritten public offering. Roth Capital Partners and Taglich Brothers are acting as book-running managers for the offering. The offering is subject to market conditions. -updated 5/27- BG Staffing, Inc. (NYSE MKT: BGSF), a rapidly growing national provider of temporary staffing services, today announced the pricing of an underwritten public offering of 1,075,000 newly issued shares of common stock for a public offering price of $14.00 per share. The gross proceeds to BG Staffing from this offering are expected to be $15,050,000, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by the Company. The Company has granted to the representatives of the underwriters a 30-day over-allotment option to purchase up to an additional 161,250 shares of common stock. The offering is expected to close on or about June 2, 2016, subject to customary closing conditions.

BG Staffing is a temporary staffing company that provides temporary workers to a range of customers. Co.'s operations are organized into three segments: light industrial, which provides temporary workers to primarily distribution and logistics customers in Illinois, Wisconsin, Texas, Tennessee and Mississippi; multifamily, which provides front office and maintenance personnel on a temporary basis to various apartment communities, in Texas and other states, via property management companies responsible for the apartment communities day to day operations; and Information Technology (IT) staffing, which provides skilled contract labor for IT implementations and maintenance projects.
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Company Name:  BG Staffing Inc
Sector:  Business Services & Equipment

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May 30, 2016    11:51 PM Eastern
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