A-Mark Precious Metals (NASDAQ: AMRK), a leading fully integrated precious metals platform, has closed an underwritten public offering of 2,875,000 shares of common stock, including 375,000 shares per the full exercise of the over-allotment option granted to the underwriters. According to the update, the company secured gross proceeds of $80.5 million, with each of the shares sold at the public offering price of $28.00. A-Mark anticipates using the proceeds to fund a portion of the consideration payable in connection with the previously announced acquisition of JM Bullion Inc. Roth Capital Partners acted as joint book-running manager for the offering.
For more details, visit www.Amark.com
About A-Mark Precious Metals Inc.
Founded in 1965, A-Mark Precious Metals is a leading, full-service precious metals company and wholesaler of gold, silver, platinum and palladium bullion and related products. The company’s global customer base includes sovereign and private mints, manufacturers and fabricators, refiners, dealers, financial institutions, industrial users, investors, collectors, and e-commerce and other retail customers. The company conducts its operations through three complementary segments: Direct Sales, Wholesale, and Secured Lending. A-Mark is headquartered in El Segundo, California, with offices and facilities in Los Angeles, California, Vienna, Austria, Las Vegas, Nevada, Winchester, Indiana, and Dallas, Texas.
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