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.

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