CatchMark Announces Exercise of Overallotment Option in Public Offering
Staff Report From Metro Atlanta CEO
Friday, March 23rd, 2018
CatchMark Timber Trust, Inc. announced that the underwriters of its previously-announced public offering exercised in full their overallotment option by purchasing an additional 750,000 shares of Class A common stock at a public offering price of $12.60 per share. With this exercise, the public offering totals 5,750,000 shares of Class A common stock, increasing the gross proceeds of the offering to $72,450,000 prior to deducting the underwriting discounts and offering expenses. The option was granted in connection with the public offering of 5,000,000 shares of Class A common stock at a public offering price of $12.60 per share, which closed March 16, 2018.
Raymond James, Citigroup, Stifel, and RBC Capital Markets served as joint book-running managers for the offering.