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The over-allotment option was granted in connection with the company's public offering of 4.95 million shares of its common stock at $19.85 per share.
The company expects net proceeds from the offering, including the exercise of the over-allotment option, after deducting underwriting discounts and commissions and estimated offering expenses, to be approximately $107.4 million.
Stephens and RBC Capital Markets served as joint bookrunners, and Stifel, Nicolaus & Company and Howe Barnes Hoefer & Arnett served as co-managers.
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