Asure Software prices $40M public offering of 3.33M shares at $12.00 per share

ASURE SOFTWARE INC

Offering of 3,333,333 newly issued shares at $12.00/share; gross proceeds ~$40M, net proceeds ~$37.4M after discounts.
Underwriters granted 30-day overallotment for up to 500,000 additional shares; full exercise yields ~$43M net.
Offering expected to close August 21, 2023; Stifel and Craig-Hallum serving as joint book-running managers.
Net proceeds for general corporate purposes; possible use for acquisitions or repayment of Structural Capital debt.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ASURE SOFTWARE INC entered into Underwriting Agreement with Stifel, Nicolaus & Company, Incorporated and Craig-Hallum Capital Group LLC, as representatives of the several underwriters valued at approximately $37.4 million (effective 2023-08-16).

Action: entry
Agreement: underwriting
Counterparty: Stifel, Nicolaus & Company, Incorporated and Craig-Hallum Capital Group LLC, as representatives of the several underwriters
Value: approximately $37.4 million
Effective: 2023-08-16

Exact text from the filing

On August 16, 2023, Asure Software, Inc. (“we,” “us” and “our” ) entered into an underwriting agreement (the “Underwriting Agreement”) with Stifel, Nicolaus & Company, Incorporated and Craig-Hallum Capital Group LLC, as representatives of the several underwriters named therein (collectively, the “Underwriters”), relating to a firm commitment offering of 3,333,333 newly issued shares of our common stock at a public offering price of $12.00 per share.

View on SEC.gov

Browse all material agreements →

ASURE SOFTWARE INC filing history →

Source: SEC EDGAR

accession 0001104659-23-092861

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.