Sacramento, California, USA
December 20, 2017
S&W Seed Company (Nasdaq: SANW), an innovative global agricultural company focused on alfalfa, sorghum, sunflower and stevia, today announced that it has extended the expiration date of its rights offering from Tuesday, December 19, 2017 to Wednesday, December 20, 2017. The subscription rights issued by S&W Seed may now be exercised at any time before 5:00 p.m. New York City time on Wednesday, December 20, 2017. The closing of the rights offering remains unchanged, and will be completed on Friday, December 22, 2017.
In the rights offering, S&W Seed distributed non-transferable subscription rights to purchase shares of its common stock to holders of record of its common stock, and warrants to purchase shares of its common stock, as of 5:00 p.m., New York Time on November 22, 2017, the record date for the rights offering. Each whole subscription right entitles the holder thereof to purchase one share of common stock at a subscription price equal to $3.50 per share. Holders as of the record date that exercise their basic subscription rights in full also have oversubscription rights, pursuant to which they may subscribe to purchase additional shares at the subscription price to the extent that not all basic subscription rights are exercised, subject to certain limitations and as more fully described in the prospectus, dated November 22, 2017, relating to the rights offering.
Other than the extension of the expiration date of the rights offering, all of the offering terms described in the prospectus remain the same and apply during the extended subscription period of the rights offering.
S&W Seed has engaged Transfer Online, Inc. to act as information agent with respect to the rights offering. For questions regarding the rights offering, or to obtain copies of the rights offering prospectus and any related materials, please contact Transfer Online, Inc. at 512 SE Salmon Street, Portland, OR 97214 or by telephone at (503) 227-2950.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of any securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About S&W Seed Company
Founded in 1980, S&W Seed Company is a global agricultural company, headquartered in the San Joaquin Valley of California. S&W's vision is to be the world's preferred proprietary seed company which supplies a range of forage and specialty crop products that supports the growing global demand for animal proteins and healthier consumer diets. S&W is a global leader in alfalfa seed, with significant research and development, production and distribution capabilities. S&W's capabilities span the world's alfalfa seed production regions, with operations in the Western United States, including the San Joaquin and Imperial Valleys of California, Australia, and Canada. S&W sells its seed products in more than 30 countries around the globe. S&W also provides hybrid sorghum and sunflower, and is utilizing its research and breeding expertise to develop and produce stevia, the all-natural, zero calorie sweetener for the food and beverage industry. For more information, please visit www.swseedco.com.
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