Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Ratings
Provider: Ratings

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Truett-Hurst Inc Announces Closing Of Initial Public Offering

Tuesday, 25 Jun 2013 01:43pm EDT 

Truett-Hurst Inc announced that the closing of its initial public offering of 2,700,000 shares of its Class A common stock at a price to the public of $6.00 per share. The shares have been listed on the Nasdaq Capital Market and trade under the symbol THST. Net proceeds received by Truett from the initial public offering were approximately $14.1 million after deducting placement agents' fees and estimated offering expenses. Concurrently with the closing, Truett completed the formation transactions described in the prospectus. In connection with these transactions, Truett used the net proceeds from the initial public offering to make a contribution to the operating company, H.D.D., LLC (the LLC), in exchange for 2,700,000 LLC units. As a result of Truett's purchase of LLC units, the LLC will become a subsidiary of Truett. Truett intends to cause the LLC to use the net proceeds from the offering to pay down amounts owed under its credit facility, for working capital, capital expenditures, hiring additional personnel and for general corporate purposes. W.R. Hambrecht + Co., LLC led the offering, which was made through its OpenIPO auction-based process that opens participation to all investors. CSCA Capital Advisors, LLC, Feltl and Company, Inc. and Sidoti & Company, LLC served as co-managers for the offering. 

Company Quote

23 Oct 2014