LOS ANGELES, Nov. 4, 2014 /PRNewswire/ -- B. Riley &
Co., LLC, (B. RILEY) www.brileyco.com, a leading independent
investment bank which provides a full array of corporate finance,
research, sales and trading services announced that it acted as
lead book-running manager in an $11,500,000.00 Underwritten Public Offering for
WidePoint Corporation (NYSE MKT: WYY).
The offering, which closed November 3,
2014, consisted of approximately 7.93 million shares of
common stock priced at $1.45 per
share, which included an overallotment of approximately one million
shares which the underwriters exercised in full.
B. RILEY's Bryant Riley and
Associate Chris Sigala led the banking team for this transaction,
which represents B. RILEY's second engagement with WidePoint within
the past year. In February
2014, B. RILEY was the sole underwriter in an approximately
$12.5 million public equity offering
for WidePoint.
"The successful completion of this public offering marks another
milestone in the long-term partnership between WidePoint and B.
RILEY. B. RILEY's keen understanding of our business
objectives, deep relationships with the institutional investor
community and top-notch execution capabilities has again allowed
WidePoint to meet its financial goals," said James
McCubbin, WidePoint's Chief Financial Officer.
"We are pleased to have assisted WidePoint in this public
offering," said Mr. Riley. "Our partnership with WidePoint is
an excellent example of B. RILEY's relationship-based approach and
ability to deliver financial solutions for our corporate clients
while meeting the investment goals of our institutional
clients."
McLean, Virginia-based
WidePoint Corporation (www.widepoint.com) is a provider of secure,
cloud-delivered, enterprise-wide mobile and information
technology-based solutions that can enable enterprises and agencies
to deploy fully compliant IT services in accordance with government
mandated regulations and advanced system requirements.
This communication 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.
About B. RILEY:
B. Riley & Co. LLC, (B. RILEY) is a leading investment
bank which provides corporate finance, research, and sales &
trading to corporate, institutional and high net worth individual
clients. Investment banking services include initial, secondary and
follow-on offerings, institutional private placements, and mergers
and acquisitions advisory to public and private companies. The firm
is nationally recognized for its highly ranked proprietary equity
research.
B. RILEY recently combined with Great American Group, Inc.
(OTCBB:GAMR), a leading provider of advisory and valuation
services, asset disposition and auction solutions, capital
investment, and real estate advisory services.
B. RILEY is headquartered in Los
Angeles and maintains offices in New York, San
Francisco and Newport Beach. It is a member of FINRA
and SIPC. For more information, please visit
www.brileyco.com or call 310-966-1444.
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SOURCE B. Riley & Co., LLC