DELAND, Fla., April 8, 2015 /PRNewswire/ -- ARC Group
Worldwide, Inc. ("ARC") (NASDAQ: ARCW) today announced the closing
of the previously disclosed registered underwritten public offering
of its common stock. ARC sold a total of 3,450,000 shares of
ARC common stock at a price to the public of $5.00 per share, including 450,000 shares sold
pursuant to the option to purchase additional shares granted to the
underwriters by ARC in connection with the offering, which was
exercised in full.
Brean Capital, LLC and Imperial Capital, LLC acted as joint
book-running managers of the offering.
A registration statement relating to the shares sold by ARC was
declared effective by the U.S. Securities and Exchange Commission
("SEC") on April 1, 2015.
Copies of the final prospectus relating to the shares may be
obtained from Brean Capital, LLC, 1345 Avenue of the Americas, 29th
Floor, New York, NY 10105,
attention: Matt Picciano, phone:
(212) 702-6536 / fax: (212) 702-6649, or by e-mail:
syndicate@breancapital.com; or Imperial Capital, LLC, 277 Park
Avenue, 48th Floor, New York, NY
10172, attention: Steve Dearing,
phone: (212) 351-9433 / fax: (212) 351-9718.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described above, nor
shall there be any sale of such shares of common stock 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.
About ARC Group Worldwide, Inc.
ARC Group Worldwide, Inc. is a leading global advanced
manufacturing and 3D printing service provider. With its business
founded in 1987, the Company offers its customers a compelling
portfolio of advanced manufacturing technologies and cutting-edge
capabilities to improve the efficiency of traditional manufacturing
processes and accelerate their time to market. In addition to being
a world leader in metal injection molding ("MIM"), ARC has
significant expertise in 3D printing and imaging, materials
science, advanced tooling, automation, machining, stamping, plastic
injection molding, lean manufacturing, and robotics. For more
information visit the website of ARC Group Worldwide, Inc.
Forward-Looking Statements
The forward-looking statements contained in this press release
are based on ARC management's current expectations, estimates and
projections about future events. These include, but are not limited
to, statements, if any, regarding business plans, pro-forma
statements and financial projections, ARC's ability to expand its
services and realize growth. All such "forward-looking statements"
are made within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended, and are subject to risks and uncertainties. These
statements are not historical facts or guarantees of future
performance, events or results. Such statements involve potential
risks and uncertainties, and the general effects of financial,
economic, and regulatory conditions affecting our industries.
Accordingly, actual results may differ materially. In particular,
estimates regarding our anticipated quarterly performance are based
upon currently available information; however, unpredictable events
may arise before the closing of each quarterly financial period
that could negatively affect actual quarterly performance outcomes.
These events may include orders that are withdrawn, delayed or
returned, unexpected costs, change in currency exchange rates,
and/or quality, workforce, and inventory issues. ARC does not have
any obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. For additional factors that may affect future
results, please see filings made by ARC with the SEC, including its
Form 10-K for the fiscal year ended June 30,
2014, Form 10-Q for the period ended September 28, 2014, and Form 10-Q for the period
ended December 28, 2014, as well as
our current reports on Form 8-K filed from time-to-time with the
SEC.
CONTACT: Drew M.
Kelley
PHONE: (303) 467-5236
Email: InvestorRelations@ArcGroupWorldwide.com
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SOURCE ARC Group Worldwide, Inc.