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SCOTTSDALE, Ariz., Nov. 20, 2015 (GLOBE NEWSWIRE) -- The Joint Corp. (NASDAQ:JYNT), a national operator, manager and franchisor of chiropractic clinics, today announced the pricing of an underwritten public offering of 2,272,727 shares of its common stock, to be offered and sold by the Company, at a price to the public of $5.50 per share. In addition, The Joint Corp. has granted the underwriters a 45-day option to purchase up to 340,909 additional shares of common stock to cover over-allotments, if any. The offering is expected to close on November 25, 2015, subject to customary closing conditions.
The gross proceeds to the Company from this offering are expected to be approximately $12.5 million, before deducting underwriting discounts and commissions and other estimated offering expenses.
Feltl and Company and Maxim Group LLC are acting as joint book-running managers for the offering.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on November 19, 2015. This offering is being made only by means of a prospectus, copies of which can be obtained, when available, by contacting Feltl and Company, 2100 LaSalle Plaza, 800 LaSalle Ave, Minneapolis, MN 55402, Attention: Prospectus Department, or by telephone at (612) 492-8800; or by e-mail: email@example.com, or by contacting Maxim Group LLC by telephone at (212) 895-3695; or by e-mail: firstname.lastname@example.org.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Source:The Joint Corp.