MarineMax closes sale of common stock shares

Author:: Trade Only Today Editors
Updated:: Jul 27, 2017
Original:: Sep 24, 2009

MarineMax issued 390,000 shares of common stock at a price of $7 per share, for total gross proceeds of about $2.7 million.

The issuance is a result of the full exercise of the over-allotment option to purchase additional shares granted to the underwriter in MarineMax's public offering of 2.6 million shares of common stock announced Sept. 10.

Raymond James & Associates served as the sole underwriter for this offering. The net proceeds will be used for general corporate purposes, which may include debt reduction, according to the company.

Click here to read the full release.

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