Paulson Investment Company, Inc. Completes $15.4 Million Initial Public Offering for S&W Seed – May 7, 2010
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PORTLAND, OR – May 7, 2010 – Paulson Investment Company, Inc., a wholly owned subsidiary of Paulson Capital Corp. (NasdaqCM: PLCC), today announced it had served as lead manager on the recently completed initial offering for S&W Seed Company (NasdaqCM: SANWU). The offering, which grossed $15.4 million, closed on Friday, May 7, 2010 and was co-managed by Feltl and Company.
The S&W Seed offering consisted of 1.4 million units at an offering price of $11.00 per unit. Each unit was composed of two shares of common stock and two five year, redeemable warrants. S&W Seed Class A warrants are exercisable at $7.15 and the Class B warrants are exercisable at $11.00. The common stock, Class A warrants and Class B warrants will trade only as part of the unit for up to 45 days.More