Business News • MarketWire • Oxford Lane Capital Corp. Prices Initial Public Offering |
Oxford Lane Capital Corp. Prices Initial Public Offering |
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Oxford Lane Capital Corp. Prices Initial Public Offering
GREENWICH, CT--(Marketwire - January 20, 2011) - Oxford Lane Capital Corp. (the "Company") (NASDAQ: OXLC) announced that it has priced its initial public offering of 1,825,000 shares of its common stock at a public offering price of $20.00 per share for total gross proceeds of $36.5 million. The closing of the offering is subject to customary closing conditions and is expected to take place on January 25, 2011. The Company has granted the underwriters an option to purchase up to an additional 273,750 shares of its common stock to cover over-allotments, if any.
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