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

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
React to this article
Latest news
Date Title
09:26p Earth Day clean-up collects waste at Armier Bay
09:26p MICROSOFT : Innovative 3D Printing Activity at Mater Boni Consilii St Joseph School Paola
09:26pDJOil Prices Slide on Bearish Data
09:26p FIRST MERCHANTS CORPORATION : Announces a 21% Increase in Cash Dividend
09:25p YAHOO : To Contemplate The $55M Value Proposition Of Firing Marissa Mayer
09:25p FAUQUIER BANKSHARES, INC. : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)
09:25pDJDRAGHI : ECB Monetary Policy Is Stimulating the Economy -- 2nd Update
09:25p Record Speculative Longs and Hedger Shorts in Silver
09:25p B. Braun Interventional Systems Extends Exclusive U.S. Distribution Agreement With NuMED Inc.
09:24p CHILDRENS PLACE : Join the club
Latest news
Advertisement
Hot News 
PETRO MATAD : Partner Exit from Blocks IV and V in Mongolia
BIND THERAPEUTICS : Initiates Voluntary Chapter 11 Bankruptcy Protection Proceeding
SAREPTA THERAPEUTICS INC : Weekly Biotech Update from Market Exclusive Covering - Acadia Pharmaceuticals Inc. (NASDAQ:ACAD), Kempharm Inc. (NASDAQ:KMPH), Pfizer Inc. (NYSE:PFE), Sarepta Therapeutics Inc (NASDAQ:SRPT), Collegium Pharmaceutical Inc. (NASDAQ:COLL),
Oracle to buy utility software maker Opower
COIL : Strong growth in earnings 2015
Most Read News
12:01a Primera Engineers Announces Sale – Now Ranks Among Largest Women-Owned Engineering Firms
05/01 GOVERNMENT OF BARBADOS OFFICE OF PRIME MINIS : New Petroleum Prices From Midnight May 1
05/01 TM ROBOTICS : Partners with M.A.P Services to Sell Toshiba Machine Industrial Robots in Australia for the First Time
12:27a Japan Manufacturing PMI Lowest Since Jan 2013
05/01 People line up for chance to work at Margaritaville
Most recommended articles
03:25pDJDRAGHI : ECB Monetary Policy Is Stimulating the Economy -- 2nd Update
03:25p Record Speculative Longs and Hedger Shorts in Silver
03:17pDJCURRENCIES : Euro Breaks Above $1.15 For First Time Since August Turmoil
03:14p BCE-Manitoba Telecom deal seen facing tough regulatory scrutiny
03:10p AUD/USD Scalp Targets Ahead of RBA- Watch 7590