A-mark precious metals announces exercise of over-allotment option in public offering

El segundo, calif., march 10, 2021 (globe newswire) -- a-mark precious metals, inc. (nasdaq: amrk) (a-mark), a leading fully integrated precious metals platform, announced today that the underwriters of its previously announced public offering of common stock have fully exercised their option to purchase an additional 375,000 shares. the option was granted in connection with the company's public offering of 2,500,000 shares of common stock at a price to the public of $28.00 per share, which closed on march 8, 2021. after giving effect to the full exercise of the over-allotment option, the total number of shares sold by a-mark in the public offering increased to 2,875,000 shares, and the company expects to receive total net proceeds from the public offering of approximately $75.3 million, after deducting the underwriter discounts and commissions and estimated offering expenses payable by a-mark.
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