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    Asure Software Announces Pricing of Public Offering of Common Stock

    Jocelyn Aspa
    May. 26, 2017 09:22AM PST
    Data Investing

    Asure Software (NASDAQ:ASUR) has announced the pricing of an underwritten public offering of 1.9 million newly issues shares for a public offering price of $13.50 per eshare. As quoted in the press release: The gross proceeds to Asure from this offering are expected to be $25,650,000, before deducting the underwriting discounts and commissions and other …

    Asure Software (NASDAQ:ASUR) has announced the pricing of an underwritten public offering of 1.9 million newly issues shares for a public offering price of $13.50 per eshare.
    As quoted in the press release:

    The gross proceeds to Asure from this offering are expected to be $25,650,000, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by the company. Asure has granted to the representative of the underwriters a 30-day over-allotment option to purchase up to an additional 285,000 shares of common stock. The offering is expected to close on or about June 1, 2017, subject to customary closing conditions.

    Asure intends to use the net proceeds received from the sale of the common stock for general corporate purposes. We may also use a portion of the net proceeds to acquire or invest in complementary businesses, assets or technologies, although Asure has not entered into any definitive agreement with respect to any specific acquisition at this time.

    Roth Capital Partners is acting as the sole book-running manager for the offering.

    The shares of common stock are being offered by Asure pursuant to a shelf registration statement on Form S-3 previously filed with and subsequently declared effective by the Securities and Exchange Commission. The offering will be made only by means of the written prospectus and prospectus supplement that form a part of the registration statement.  An electronic preliminary prospectus supplement and the accompanying prospectus relating to the offering has also been filed with the SEC and is available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from Roth Capital Partners, LLC, 888 San Clemente, Newport Beach, California 92660, Attn: Equity Capital Markets, via telephone at (800) 678-9147 or via email at rothecm@roth.com.  A final prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC’s website at https://www.sec.gov.

    Click here to read the full press release.

    roth capital partnersnet proceedsunderwritten public offeringpublic offering
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