GSV Capital Corp. (GSVC: Quote) said it has priced a follow-on offering of 6.0 million shares at $16.25 per share, resulting in gross proceeds of $97.5 million. The underwriters have been granted a 30-day option to buy up to an additional 900,000 common shares.
The company plans 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.
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by RTT Staff Writer
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