Textura Corporation announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed offering of 4,000,000 shares of its common stock. The offering is subject to market and other conditions.
The offering is expected to consist of 3,000,000 shares to be offered by certain selling stockholders and 1,000,000 shares to be offered by Textura. In addition, the underwriters are expected to be granted an option to purchase up to an additional 600,000 shares, which are expected to be offered by Textura.
The net proceeds of this planned offering of shares to be sold by Textura will be used to finance growth, working capital and other general corporate purposes. Textura will not receive any proceeds from the sale of the shares by the selling stockholders.
Credit Suisse Securities (USA) LLC and William Blair & Company, L.L.C. are acting as joint book-running managers for the offering, and JMP Securities LLC, Oppenheimer & Co. and Barrington Research are acting as co-managers.
The offering of these securities will be made only by means of a prospectus. A copy of the prospectus may be obtained by contacting Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, or by telephone at 1-800-221-1037, or by email at firstname.lastname@example.org, or William Blair & Company, L.L.C., 222 W. Adams St., Chicago, IL 60606, or by email at email@example.com, or by telephone at 1-800-621-0687.
A registration statement relating to the Company's common stock has been filed with the Securities and Exchange Commission but has not yet become effective. The common stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
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