A-Mark Precious Metals (AMRK) Prices 2.5M Share Common Offering at $28/Sh

A-Mark Precious Metals, Inc. (NASDAQ: AMRK) today announced that it had priced an offering of 2,500,000 shares of its common stock at a price to the public of $28.00 per share. All of the shares of common stock are being offered by A-Mark. In addition, A-Mark has granted the underwriters a 30-day option to purchase up to 375,000 additional shares of its common stock at the public offering price, less underwriting discounts, and commissions. The offering is expected to close on March 8, 2021, subject to customary closing conditions.

D.A. Davidson & Co. and Roth Capital Partners are acting as joint book-running managers for the offering. CIBC Capital Markers is acting as a co-manager for the offering.

A-Mark currently intends to use the net proceeds from the offering to fund a portion of the consideration payable in connection with the previously announced acquisition of JM Bullion, Inc., and other general corporate purposes. If the acquisition of JM Bullion is not consummated for any reason, proceeds from the offering will be used by A-Mark for general corporate purposes.

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