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PRGX Global Inc Closes Sale Of Additional 687,385 Shares Of Common Stock


Tuesday, 8 Jan 2013 01:08pm EST 

PRGX Global Inc announced that it has closed the sale of an additional 687,385 shares of its common stock at a public offering price of $6.39 per share. The additional shares were sold pursuant to an overallotment option granted to the underwriters of the Company's previously announced public offering, which closed on December 11, 2012. William Blair & Company, L.L.C. and Robert W. Baird & Co. Incorporated served as joint book-running managers of the public offering, and Barrington Research Associates, Inc. and B. Riley & Co., LLC served as co-managers of the public offering. The net proceeds to the Company from the exercise of the overallotment option, after deducting underwriting discounts and commissions and estimated offering expenses, were approximately $4.1 million, bringing the total net proceeds to the Company from the offering to approximately $18.7 million. The Company intends to use the net proceeds from the public offering for working capital and general corporate purposes, including potential acquisitions. 

Company Quote

5.69
0.04 +0.71%
22 Oct 2014