January 16, 2018 6:14pm
XON is trading UP +$0.53 or +3.49% to $14.25
XON has commenced an underwritten public offering of 6 M shares of its common stock.
In addition, XON intends to grant the underwriters a 30-day option to purchase 900 K additional shares of its common stock. The offering is subject to market and other conditions and there can be no assurances as to whether or when the offering may be completed, or as to the size or terms of the offering.
JMP Securities LLC is acting as sole book-running manager for the offering and Stifel is acting as lead manager for the offering. Northland Capital Markets is acting as co-manager.
Priced at $12.50 to raise approximately $75 M