Manhattan Bridge Capital, Inc. Announces Closing of Over-Allotment Option Shares
August 31 2016 - 11:17AM
Manhattan Bridge Capital, Inc. (NASDAQ:LOAN), a
real estate finance company specializing in originating, funding,
servicing, and managing a portfolio of short-term loans secured by
first mortgage liens on real estate, today announced that, on
August 29, 2016, Aegis Capital Corp., the sole underwriter of
its previously announced public offering of 672,269 common shares
at a price to the public of $5.95 per share, has elected to fully
exercise the over-allotment option for an additional 100,840 common
shares. The closing with respect to these over-allotment
option shares was consummated on August 31, 2016. Gross
proceeds to Manhattan Bridge Capital from the sale of the
over-allotment option shares will be approximately $600,000
resulting in total gross proceeds from the offering of
approximately $4,600,000, before deducting underwriting discounts
and commissions and other estimated offering expenses.
Aegis Capital Corp. acted as the sole
book-running manager for the offering.
This offering was made pursuant to a shelf
registration statement (File No. 333-203678) previously filed with
the Securities and Exchange Commission (the “SEC”) and which became
effective on May 18, 2015. A preliminary prospectus supplement and
accompanying prospectus relating to the offering were filed with
the SEC on May 22, 2015, and a final prospectus supplement and
accompanying base prospectus was filed with the SEC on May 26,
2015. Electronic copies of the final prospectus supplement
and accompanying prospectus relating to this offering may be
obtained from the SEC’s website at www.sec.gov or from Aegis
Capital Corp., 810 7th Avenue, 18th Floor, New York, NY 10019 or
via telephone at 212-813-1010 or email:
prospectus@aegiscap.com.
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.
Contact:
Assaf Ran, CEO
(516) 444-3400
Manhattan Bridge Capital (NASDAQ:LOAN)
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