Bookrunners Roth and Taglich, co-manager National Securities assist
By Devika Patel
Knoxville, Tenn., July 7 – Unique Fabricating, Inc. said the underwriters for its initial public offering of stock opted to exercise the deal’s $3.35 million greenshoe in full, lifting total proceeds of the offering to $25.67 million. The deal was announced Nov. 10 and priced for $22.33 million with the greenshoe on June 30.
The company sold 2,702,500 common shares at $9.50 per share. Of the shares, 352,500 were part of the fully exercised greenshoe.
Roth Capital Partners and Taglich Brothers, Inc. were the bookrunners.
Proceeds will be used to repay the company’s $13.13 million 16% senior subordinated notes due March 16, 2018, with interest and a prepayment premium of about $370,000, and reduce borrowings under the company’s revolving credit facility, which matures on March 15, 2018.
The Auburn Hills, Mich., company makes foam, rubber and plastic components. The company intends to list its common stock on the NYSE stock exchange under the symbol “UFAB.”
| Issuer: | Unique Fabricating, Inc.
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| Issue: | Common stock
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| Amount: | $25,673,750, including $3,348,750 greenshoe of 352,500 shares
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| Shares: | 2,702,500
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| Price: | $9.50
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| Warrants: | No
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| Bookrunners: | Roth Capital Partners and Taglich Brothers, Inc.
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| Co-manager: | National Securities Corp.
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| Announcement date: | Nov. 10
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| Pricing date: | June 30
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| Settlement date: | July 7
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| Stock symbol: | Nasdaq: UFAB
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