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S&W Seed Company announces closing of rights offering - Company raises $12.25 million from existing shareholders


Sacramento, California, USA
December 22, 2017

S&W Seed Company (Nasdaq: SANW) announced today the closing of its previously announced rights offering. At the closing, S&W Seed sold and issued an aggregate of 2,594,923 shares of its common stock at the subscription price of $3.50 per share, pursuant to the exercise of subscriptions and oversubscriptions in the rights offering from its existing stockholders. Pursuant to the backstop commitment with MFP Partners, L.P., S&W Seed sold and issued an additional 905,077 shares of its common stock to MFP at the subscription price of $3.50 per share. Combined, S&W Seed sold and issued an aggregate of 3,500,000 shares of its common stock for aggregate gross proceeds of $12.25 million.

The rights offering was made pursuant to a Registration Statement on Form S-1 that was filed with the Securities and Exchange Commission and became effective on November 22, 2017. S&W Seed 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.



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Website: http://www.swseedco.com/

Published: December 22, 2017

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