Business
OneWater Marine Inc. Prices Public Offering of Common Stock
BUFORD, Georgia, Sept. 17, 2020 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the “Company”) announced today the pricing of an
About this update from Onewater Marine Inc.
[{"type":"text","content":"BUFORD, Georgia, Sept. 17, 2020 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the “Company”) announced today the pricing of an underwritten public offering of 3,170,868 shares of its Class A common stock, par value $0.01 per share (“Class A common stock”), at $20.00 per share. The Company is offering 425,000 shares of its Class A common stock, and the selling stockholders named in the registration statement on Form S-1 (the “registration statement”) previously filed with the Securities and Exchange Commission (the “SEC”) are offering 2,745,868 shares of OneWater’s Class A common stock. In addition, an affiliate of Goldman Sachs & Co. LLC has granted the underwriters a 30-day option to purchase up to an additional 475,630 shares of OneWater’s Class A common stock. The offering is expected to close on September 22, 2020, subject to customary closing conditions.\n OneWater intends to use the net proceeds of this offering for working capital and general corporate purposes, including the expansion of its business and general and administrative matters. OneWater will not receive any of the proceeds from the sale of shares by the selling stockholders. Truist Securities, Baird and Raymond James are acting as joint book-running managers for the offering. KeyBanc Capital Markets and Stifel are acting as co-managers for the offering. The offering of these securities will be made only by means of a prospectus. A copy of the prospectus may be obtained from: Truist Securities, Inc. Attention: Prospectus Department3333 Peachtree Road NE, 9th floorAtlanta, Georgia [email protected] Robert W. Baird & Co. IncorporatedAttention: Syndicate Department 777 E. Wisconsin AvenueMilwaukee, Wisconsin 53202Phone: [email protected] Raymond James & Associates, Inc.Attention: Equity Syndicate880 Carillon ParkwaySt. Petersburg, Florida 33716Phone: [email protected] About OneWater Marine Inc. OneWater Marine Inc. is one of the largest and fastest-growing premium recreational boat retailers in the United States. OneWater operates 63 stores throughout 11 different states, eight of which are in the top twenty states for marine retail expenditures. OneWater offers a broad range of products and services and has diversified revenue streams, which include the sale of new and...