Leaf Group (LEAF) Announces Proposed Public Offering of Common Stock

Leaf Group Ltd. (NYSE: LEAF), a diversified consumer internet company, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. In addition, Leaf Group intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock to be sold in the offering. All shares of common stock to be sold in the proposed offering will be sold by Leaf Group. There can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the offering.

Leaf Group intends to use the net proceeds from the proposed offering, if completed, for working capital and general corporate purposes. Leaf Group may also use a portion of the net proceeds to acquire complementary businesses, products and technologies, although Leaf Group has no agreements, commitments or understandings to do so at this time.

Canaccord Genuity LLC is acting as sole book-running manager for the proposed offering. BTIG, LLC is acting as co-manager for the proposed offering.

You May Also Be Interested In

• Ledyard Financial Group names Charles Petersen as board chair
• Lion Group to acquire 10% stake in Indonesian stablecoin firm via shares
• UWMC urges Two Harbors stockholders to reject CCM merger deal