NEW YORK–(Organization WIRE)–Travel Shack Inc. (NYSE: DS, the “Company”), a primary owner and operator of golf-associated leisure and leisure firms, declared nowadays that it priced its underwritten general public giving of 20,833,334 shares of widespread inventory at a selling price to the community of $2.40 for each share for gross proceeds of roughly $50 million. All shares of widespread inventory are getting presented by the Firm. The Corporation has granted the underwriters an alternative for a time period of 30 days to purchase up to an further 3,124,999 shares of common stock. The featuring is expected to shut on February 2, 2021, matter to customary closing disorders.
The Organization intends to use the web proceeds from this presenting for investments and common corporate uses, including for functioning cash and the planned improvement of 5 of 7 Puttery venues in 2021.
BTIG, LLC is acting as guide reserve-functioning supervisor and Craig-Hallum Money Group LLC is acting as joint book-functioning manager for the offering.
The offering is currently being produced pursuant to the Company’s productive shelf registration assertion on Form S-3 (333-251671) submitted with the Securities and Exchange Commission (the “SEC”). The presenting is remaining manufactured only by implies of a prospectus and a similar prospectus complement. Possible buyers need to browse the prospectus supplement and the prospectus in that registration assertion and other files the Business has filed or will file with the SEC for much more finish information and facts about the Company and the presenting. You might acquire these files for cost-free by going to EDGAR on the SEC’s internet site at www.sec.gov. Alternatively, copies of the prospectus health supplement and the prospectus may be obtained from BTIG, LLC, 65 East 55th Avenue, New York, NY 10022, or by e-mail at [email protected]
This push release does not represent an offer you to offer or the solicitation of an give to buy shares of popular inventory, nor shall there be any sale of these securities in any jurisdiction in which these kinds of present, solicitation or sale would be illegal prior to registration or qualification less than the securities laws of any these kinds of jurisdiction.
About Generate Shack
Push Shack Inc. is a major operator and operator of golf-relevant leisure and leisure corporations.
Certain statements in this push release may perhaps constitute ahead-looking statements within just the indicating of the Non-public Securities Litigation Reform Act of 1995, together with, but not limited to, statements relating to the providing and the meant use of proceeds of the presenting. These statements are based mostly on management’s current expectations and beliefs and are issue to a variety of tendencies and uncertainties that could cause true outcomes to differ materially from those described in the forward-searching statements, lots of of which are further than our regulate. The Organization can give no assurance that its expectations will be attained. Appropriately, you need to not place undue reliance on any forward-wanting statements contained in this press release.
For a discussion of some of the threats and essential aspects that could have an effect on such forward-seeking statements, see the sections entitled “Risk Factors” in the prospectus supplement and the prospectus relevant to the presenting and in the Company’s most the latest Once-a-year Report on Kind 10-K and Quarterly Report on Sort 10-Q, as nicely as the sections entitled “Management’s Dialogue and Examination of Economic Ailment and Effects of Operations” included by reference in the prospectus nutritional supplement linked to the supplying from the Company’s most the latest Once-a-year Report on Type 10-K and Quarterly Report on Form 10-Q. In addition, new pitfalls and uncertainties emerge from time to time, and it is not doable for the Company to forecast or evaluate the effect of every single factor that may bring about its real benefits to differ from these contained in any ahead-searching statements. This sort of forward-seeking statements converse only as of the date of this press release. The Organization expressly disclaims any obligation to launch publicly any updates or revisions to any ahead-seeking statements contained herein to reflect any adjust in the Company’s expectations with regard thereto or transform in events, circumstances or circumstances on which any statement is dependent.