Five Points, California, USA
May 18, 2012
S&W Seed Company today announced the pricing of an underwritten public offering of 1,000,000 shares of its common stock at a price to the public of $5.50 per share. The gross proceeds from the sale of the shares, before underwriting discounts and commissions and other offering expenses, are expected to be approximately $5.5 million. The offering is expected to close on or about May 23, 2012, subject to customary closing conditions.
The Company anticipates using the net proceeds from this offering for acquisition of farmland and for general corporate purposes, including working capital.
Rodman & Renshaw, LLC, a wholly owned subsidiary of Rodman & Renshaw Capital Group, Inc. (nasdaqgm:RODM), is acting as sole book-running manager for the offering. Wm Smith & Co. is acting as co-manager.
The securities will be offered by means of a prospectus supplement and accompanying prospectus, forming a part of the effective registration statement, copies of which may be obtained, when available, at the website of the SEC at http://www.sec.gov . Electronic copies may also be obtained by contacting Rodman & Renshaw, LLC, Prospectus Department, 1251 Avenue of the Americas, New York, NY 10020, telephone: (212) 201-8064 or email: firstname.lastname@example.org.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.