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Naked Brand to price sale of 1,666,666 shares between $4.00 and $5.00
Bookrunners Noble Financial and Dawson James to assist with financing
By Devika Patel
Knoxville, Tenn., Dec. 16 – Naked Brand Group Inc. will sell 1,666,666 common shares in its public offering with a 30-day greenshoe option of 250,000 additional shares, according to a Form S-1/A filed Wednesday with the Securities and Exchange Commission. The company has registered up to $8,625,000 of stock for the deal, which was announced on Sept. 24.
The shares will be sold at a price expected to fall between $4.00 and $5.00 per share.
Noble Financial Capital Markets and Dawson James Securities, Inc. are the bookrunners.
Proceeds will be used for product development, marketing, working capital and general corporate purposes.
The men’s undergarment manufacturer is based in Abbotsford, B.C.
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