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
Recommend:
0
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
Recommend :
0
React to this article
Latest news
Date Title
2m ago YAMAHA : CONTRACT AWARD - 28-- Yamaha outboard motors
4m ago BHP BILLITON : Congratulates Women in Resources
4m ago CELESTICA : Recognized By CIO Magazine As One of Its CIO 100 Award Winners
5m ago ADA : Amendment to Combined Synopsis/Solicitation - Z-- ADA Door Handles for the U.S. Army Corps of Engineers New Orleans District Facility
6m ago YOKOTA MANUFACTURING : Modification to a Previous Presolicitation Notice - Polychlorinated Biphenyls (PCB) Waste Shipment Support at Tokorozawa Communication Site, Japan
6m ago AUDIOVISUAL ENTERPRISES : Amendment to Combined Synopsis/Solicitation - V-- Modification to change the event date to October 19th. Event Hosting to include catering, lodging, and conference support.
9m ago DIRECTV : Special Notice - DIRECTV Satellite Service Renewal
10m ago Modification to a Previous Presolicitation Notice - Federal Insurance and Mitigation Administration (FIMA) - NON-A&E SERVICES
11m ago Presolicitation Notice - Independent Authoritative Assessment of Hospital Care and Medical Services
12m ago SYNOPSYS : Presolicitation Notice - Synopsys, inc Maintenance and Updates for Saber Circuit Simulator
Latest news
Advertisement
Hot News 
TECAN : Presolicitation Notice - Tecan Microplate Reader Equipment and Equipment Maintenance
MICROSOFT : Smart and affordable
WAL MART STORES : Ralph Nader: Democrats Are Doomed – OpEd
EXELIXIS : Announces Results from the COMET-1 Phase 3 Pivotal Trial of Cabozantinib in Men with Metastatic Castration-Resistant Prostate Cancer
AT&T : 4G LTE Available In Tullahoma
Most Read News
1d ago FORMFACTOR : Raises Third Quarter Guidance Range
1d ago STUART OLSON : announces sale of Broda Construction
1d ago EXELIXIS : Announces Results from the COMET-1 Phase 3 Pivotal Trial of Cabozantinib in Men with Metastatic Castration-Resistant Prostate Cancer
1d ago MEDICINOVA : to Present Data on MN-001 (tipelukast) for the Treatment of Idiopathic Pulmonary Fibrosis (IPF) During the 18th International Colloquium on Lung and Airway Fibrosis (ICLAF)
1d ago Akzo Nobel CEO solicited for Axalta bid worth more than $7 billion - Bloomberg
Most recommended articles
1d agoDJZambia Copper Miners Say Crippled by Unpaid $600 Million Tax Refund-Mines Body
4d ago S&P 500 edges up to set new record; best month since Feb
30m ago China won't force foreign auto parts makers to form local JVs - EU trade body
1d ago US Dollar Advances to 7-Month High Against Leading Counterparts
1d ago CHINA WON'T FORCE FOREIGN AUTO PARTS MAKERS TO FORM LOCAL JVS : EU trade body
Dynamic quotes  
ON
| OFF