Five Points, California, USA
May 23, 2012
S&W Seed Company (Nasdaq: SANW) today announced the closing of an underwritten public offering of 1,000,000 shares of its common stock at a price to the public of $5.50 per share. The Company received total proceeds, net of underwriting discounts and underwriting expenses, of approximately $5.12 million. The Company anticipates using the net proceeds from this offering for acquisition of farmland and for general corporate purposes, including working capital.
Rodman & Renshaw, LLC, a wholly owned subsidiary of Rodman & Renshaw Capital Group, Inc. (NasdaqGM: RODM), acted as sole book-running manager for the offering. Wm Smith & Co. acted as co-manager.
The securities were offered by means of a prospectus supplement and accompanying prospectus, forming a part of the effective registration statement, copies of which may be obtained at the website of the SEC at http://www.sec.gov. Electronic copies may also be obtained by contacting Rodman & Renshaw, LLC, Prospectus Department, 1251 Avenue of the Americas, New York, NY 10020, telephone: (212) 201-8064 or email: placements@rodm.com.
This announcement does not constitute an offer to sell or a 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.
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