Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Gladstone Land Corporation : Prices Initial Public Offering

02/01/2013 | 10:41am US/Eastern
Gladstone Land Prices Initial Public Offering McLean, VA - January 28, 2013 - Gladstone Land Corporation (NASQAQ: LAND) today announced the pricing of its initial public offering of 3,333,334 shares of common stock at a price to the public of $15.00 per share. The shares are expected to begin trading on The NASDAQ Global Market under the ticker symbol "LAND" on Tuesday, January 29, 2013. All of the shares are being offered by Gladstone Land. In addition, Gladstone Land has granted the underwriters a 30-day option to purchase an aggregate of up to an additional 500,000 shares at the initial public offering price, less underwriting discounts and commissions, to cover over-

allotments. Gladstone Land expects to receive net proceeds of approximately $45.3 million from the offering and intends to use the net proceeds to buy farms and farm-related properties and to use the balance for other general corporate purposes.
Janney Montgomery Scott LLC is acting as sole book runner for the initial public offering. JMP Securities LLC is acting as co-lead manager, and J.J.B. Hilliard, W.L. Lyons, LLC, Ladenburg Thalmann & Co. Inc., Maxim Group LLC, National Securities Corporation, Sidoti & Company, LLC, Dominick & Dominick LLC, Boenning & Scattergood, Inc. and Southwest Securities, Inc. are acting as co-managers for the initial public offering.
The offering of these securities will be made only by means of a prospectus. A copy of the prospectus may be obtained from the offices of Janney Montgomery Scott LLC, Attention: Equity Capital Markets Group, 60 State, 35th Floor, Boston, MA 02109, or by email at prospectus@janney.com.
A registration statement relating to these securities has been filed with the Securities and
Exchange Commission and was declared effective on January 28, 2013.
This press release shall not constitute an offer to sell or the 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.

About Gladstone Land Corporation

Gladstone Land Corporation is an externally-managed real estate company formed to invest in farmland located in major agricultural markets throughout the United States. It invests in farmland predominantly concentrated in locations where tenants are able to grow annual row crops such as berries, lettuce and melons, among others, which are planted and harvested annually or more frequently. It also acquires property related to farming, such as storage facilities utilized for cooling crops, processing plants, packaging buildings and distribution

545727 v7/RE

centers. It currently owns twelve farms, leased to six separate corporate and independent farmer tenants, in California and Florida.
Source: Gladstone Land Corporation
For further information please visit the website at www.gladstoneland.com or contact Gladstone
Land Corporation investor relations at +1-703-287-5893

545727 v7/RE

distributed by
React to this article
Latest news
Date Title
08:20p LENOVO : plans 20% acquisition of smart phone sales by end of March 2016: CEO
08:17p PACIFIC FINANCIAL : Kristi Gundersen Appointed to Pacific Financial Corporation Board of Directors
08:17p DREDGING OF INDIA : appoints Barun Mitra as Part-time Official Director
08:17p DANGOTE CEMENT : Appoints Onne van der Weijde as New CEO
08:17p BlackRock discloses ownership stake in Altisource
08:17p KIRKLAND LAKE GOLD : K.L. Gold appoints new Chairman
08:17p GOOGLE 'C' : Inc Witness Large Inflow of Money
08:17p TERADATA : Witness Large Outflow of Money
08:16pDJAustralian Consumer Prices Rise
08:16pDJSingapore Central Bank Eases Currency Policy
Latest news
Advertisement
Hot News 
VOLGA GAS : Says No Longer For Sale; Costs To Fall In Line With Revenue
3LEGS RESOURCES : Proposes Cash Return, New Investment Policy To Avoid Liquidation (ALLISS)
STERLING CONSTRUCTION : Provides Preliminary Results for 2014 Fourth Quarter and Year
SILICON IMAGE : Lattice Semiconductor to Acquire Silicon Image for Approximately $600 Million
P2P GLOBAL INVESTMENTS : Raises GBP250 Million In C Share Issue (ALLISS)
Most Read News
06:58p Apple iPhone sales trample expectations as profit sets global record
08:13p Yahoo sets Alibaba stake spinoff plan, shares jump
06:46p Open Text revenue hit by strong US dollar, weak emerging markets
07:11p Canadian National Railway earnings beat, but lag CP on efficiency
07:04p AT&T results beat Wall Street, shares rise after hours
Most recommended articles
08:16pDJAustralian Consumer Prices Rise
08:16pDJSingapore Central Bank Eases Currency Policy
08:14p Yahoo sets Alibaba stake spinoff plan, shares jump
08:08pDJAmerican Express to Start Doing Business in Cuba
08:08pDJON-DEMAND WORKERS : 'We Are Not Robots'
Dynamic quotes  
ON
| OFF