- Caliber (NASDAQ: CWD) closes underwritten public offering, securing approximately $900,000 in gross proceeds.
- The offering included 2,400,000 units priced at $0.375 per unit.
- Funds will be utilized for debt repayment, working capital, and general corporate purposes.
Caliber (NASDAQ: CWD), a real estate investor, developer, and asset manager, has announced the successful closing of its underwritten public offering, which raised approximately $900,000 in gross proceeds before deducting underwriting discounts and expenses. The company sold 2,400,000 units at the public offering price of $0.375 per unit. Each unit includes one share of Class A common stock and one right to acquire one-fifth of a share of Class A common stock.
The net proceeds from this offering are earmarked for repaying existing debt, providing working capital, and supporting general corporate purposes. Craft Capital Management LLC served as the sole book-running manager and underwriter for this offering, while legal counsel was provided by Manatt, Phelps & Phillips, LLP for Caliber and by Lucosky Brookman LLP for the underwriter.
This offering was conducted pursuant to a Registration Statement on Form S-3, previously filed and declared effective by the SEC. Caliber has filed a final prospectus supplement and the accompanying prospectus related to this offering with the SEC, which are accessible through the SEC's website.
