Global Defense & National Security Systems Inc Announces Pricing Of $60,000,000 Initial Public Offering
Global Defense & National Security Systems, Inc (the Company) announced the pricing of its initial public offering of 6,000,000 shares of common stock at $10.00 per share for gross proceeds of $60,000,000. The Company's shares of common stock are expected to begin trading on the NASDAQ Capital Market under the ticker symbol GDEF. The Company has granted the underwriters a 45-day option to purchase up to an additional 900,000 shares of common stock to cover over-allotments, if any. Cowen and Company, LLC acted as bookrunning manager of the offering, and Maxim Group LLC and I-Bankers Securities, Inc. acted as co-managers of the offering.
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