Key Developments: GSV Capital Corp (GSVC.W)
7.70USD
21 May 2013
$0.00 (+0.00%)
$7.70
$7.63
$7.70
$7.59
800
572
$12.39
$6.86
Latest Key Developments (Source: Significant Developments)
GSV Capital Corp Announces Investigation Of GSV Capital Corp.
Harwood Feffer LLP announced that it is investigating potential claims against the board of directors of GSV Capital Corp. (GSV or the Company), concerning whether the board has breached its fiduciary duties to shareholders. The directors of GSV owes fiduciary obligation to the Company and its shareholders in the management of the Company's assets. GSV shares have fallen over 50% since May when Company stock closed as high as $19.65 per share. Currently trading at $8.70 per share, GSV has not recovered from the drop. Current holders of GSV shares purchased at any time may have a claim against the board for breaches of fiduciary duties, gross mismanagement, and/or abuse of control. Full Article
GSV Capital Corp Closes Follow-on Offering
GSV Capital Corp announced that it has closed its previously announced follow-on offering of shares of its common stock. In connection with the closing, the Company issued 6,900,000 shares of its common stock (including 900,000 shares of common stock that were issued upon full exercise of the underwriters' over-allotment option), resulting in gross proceeds of $112.1 million. The Company intends to use the net proceeds of this public offering to invest in portfolio companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes. Citigroup Global Markets Inc. acted as sole book-running manager for the offering. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., Lazard Capital Markets LLC, National Securities Corporation, Aegis Capital Corp., Maxim Group LLC and CICC HK Securities acted as co-managers. Full Article
GSV Capital Corp Announces Pricing of Follow-on Offering
GSV Capital Corp announced that it has priced a follow-on offering of 6,000,000 shares of its common stock at $16.25 per share, resulting in gross proceeds of $97.5 million. The underwriters have been granted a 30 day option to purchase up to an additional 900,000 shares of common stock. The Company intends to use the net proceeds of this public offering to invest in portfolio companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes. Citigroup Global Markets Inc. is acting as sole bookrunning manager for the offering. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. Full Article
GSV Capital Corp Announces Closing of Follow-on Offering
GSV Capital Corp announced that it has closed its previously announced follow-on offering of shares of its common stock. The Company issued 6,900,000 shares of its common stock (including 900,000 shares of common stock that were issued upon full exercise of the underwriters' over-allotment option), resulting in gross proceeds of $103.5 million. The Company intends to use the net proceeds of this public offering to invest in portfolio companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes. Citigroup Global Markets Inc. acted as sole book-running manager for the offering. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial, Lazard Capital Markets, National Securities Corporation, Aegis Capital Corp. and Maxim Group LLC acted as co-managers. Full Article
GSV Capital Corp Announces Pricing of Follow-on Offering
GSV Capital Corp announced that it has priced a follow-on offering of 6,000,000 shares of its common stock at $15.00 per share, resulting in gross proceeds of $90 million. The underwriters have been granted a 30-day option to purchase up to an additional 900,000 shares of common stock. The Company intends to use the net proceeds of this public offering to invest in portfolio companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes. Citigroup Global Markets Inc. is acting as sole book-running manager for the offering. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., Lazard Capital Markets, National Securities Corporation, Aegis Capital Corp. and Maxim Group LLC are acting as co-managers. Full Article
GSV Capital Corp Buys Small Stake In Facebook-Reuters
Reuters reported that GSV Capital Corp has taken a small stake in Facebook. The Company said that it had bought 225,000 shares in Facebook at an average price of $29.28 each. Full Article
GSV Capital Corp Invests In Kno
GSV Capital Corp announced that it has made a direct $2.25 million investment in Kno, a education software company. GSV joined other technology investors including Intel Capital, Andreessen Horowitz, Advance Publications and Goldman Sachs in the Series C funding round. Full Article
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