December 7, 2018 10:56am
GBT is down -$2.90% or -6.21% to $43.77
GBT priced its offering of approximately $150 M at $44.00 per share.
The offering is expected to close on or about 12/11/18, subject to customary closing conditions. In addition, GBT has granted the underwriters a 30-day option to purchase $22.5 million of additional shares of common stock.
Outstanding shares: 52.23 M …. Float: 44.8 M
Short% of float: 20.64% … share 9.22 M
52 week low = $30.15 … 52 week high= $68.05
Cantor Fitzgerald & Co. is the sole book-running manager for the offering. H.C. Wainwright & Co. is acting as lead manager.
"Smells" like a solid pricing as the discount is not dropping and deadheading the stock!