Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

Gladstone Land Corporation : Prices Initial Public Offering

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/01/2013 | 04:41pm CEST
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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
12:19a CANACOL ENERGY : Announces 2016 Year End Results Posting $135.5 Million of EBITDAX
12:19a OKLO RESOURCES : Becoming a substantial holder for OKU
12:19a HUANXI MEDIA : FINAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2016 (in PDF)
12:19a BALL : to Announce First Quarter Earnings on May 4, 2017
12:17a FPB FINANCIAL CORP. : Announces the Resignation of David W. Anderson, President of FPB Financial Corp.
12:15a ECOLOGY AND ENVIRONMENT : Sends Letter to Shareholders
12:15a Rhyolite Closes Private Placement - Updates Activities
12:14a MCKENDREE UNIVERSITY : Recycle Electronics and Metal at McKendree
12:14a KANGAROO ISLAND PLANTATION TIMBERS : Market Update
12:14a MIRVAC : MGR State Street Ceasing to be a substantial holder (pdf | 1.06 MB)
Latest news
Advertisement
Hot News 
-4.31%Babcock agrees termination of UK nuclear decommissioning deal
13.31%UK materials testing firm Exova says gets proposals for cash offers
1.28%China's ICBC appoints former FDIC chief Bair as independent director
-1.15%ZURICH INSURANCE : says no plans to hike capital now, seeks flexibility
3.30%FIRSTGROUP : MTR JV Wins South Western Rail Franchise
Most Read News
06:00p KANE BIOTECH : Announces Issuance of Common Shares in Payment of Outstanding Interest
06:01p ChinaCache International Holdings Ltd. Announces Fourth Quarter and Full Fiscal Year 2016 Financial Results
06:04p TASK FORCE FOCUSED ON CHARLOTTE'S POOR : 'We are not going back to business as usual'
06:04p BABY BOOMERS : Here's How to Sell Your Home to Millennials
06:05p OREXIGEN THERAPEUTICS : Announces Commercialization and Distributorship Agreement with Bruno Farmaceutici S.p.A. for Mysimba® (naltrexone HCl / bupropion HCl prolonged release) in Italy
Most recommended articles
03:03p Dollar hits four-month low as Trump trade deflates
03/21 UK to investigate any UK banking involvement in 'Laundromat' case
05:54p U.S. equity futures at six-week low after Trump healthcare setback
05:16pDJUSDA Ark/Louisiana/Tex/Calif Weekly Rice Review - Mar 27
04:59p J SAINSBURY : On the eve of Brexit, Qatar pledges over $6 billion in investment in Britain