Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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
10:36p Almost $700 million went into Malaysia PM's personal account - WSJ
10:32p SHAREHOLDER ALERT : Shareholder Rights Law Firm Johnson & Weaver, LLP Announces the Filing of Class Action Complaint Against Certain Officers of Uranium Energy; Investors Encouraged to Contact the Firm
10:31pDJJobs Market Continues Its Fitful Recovery--2nd Update
10:30p JIANGLING MOTORS : Production And Sales Volume Information In June 2015
10:30p UNISEM M BERHAD : Receives Excellence Award for Technical Support and Customer Service from Micrel
10:30p DOURADO RESOURCES : Results of Meeting - 3 July 2015
10:29p MICROSOFT : Kyocera settle Android phone patent dispute (BRIEF)
10:29p MICROSOFT : adds detail to Windows launch timeline
10:25p AUTOMOTIVE : Ahg opens new daimler trucks perth dealership
10:25p SHANGHAI TONVA PETROCHEMICAL : Announcements and Notices - INSIDE INFORMATION LAPSE OF MEMORANDUM OF UNDERSTANDING IN RESPECT OF POSSIBLE ACQUISITION
Latest news
Advertisement
Hot News 
BANCO ESPIRITO SANTO : Odebrecht Environmental invests in quality of life in Espirito Santo
PROCERA NETWORKS : Deployed on SoftBank’s LTE Network
ACIO HLDG : FDA -Federal judge enters permanent injunction against Acino Products, LLC
REGENCY MINES : Issue of Equity and TVR
NISOURCE : Columbia Pipeline Group complete separation
Most Read News
09:58p AETNA NEARS DEAL TO BUY HUMANA FOR ABOUT $34 BILLION : sources
06:54p FINCANTIERI : Rock music cruise at Ft. Lauderdale; cruise lines celebrate milestones
06:04p WAL MART STORES : BRIEF: Second teen charged in Wal-Mart stampede
06:53p Brazil government expects Petrobras to lose key oil rights - source
06:03p GOLDRUSH RESOURCES : Announces Receipt of US$500,000 Payment and Appointment of New Chief Financial Officer
Most recommended articles
10:36p Almost $700 million went into Malaysia PM's personal account - WSJ
10:31pDJJobs Market Continues Its Fitful Recovery--2nd Update
10:21p China points finger at 'manipulators' as shares slump again
10:15p China's services activity slows to 5-month low, jobs shed - HSBC/Markit PMI
10:14p China securities watchdog says to enhance surveillance against mis-selling