Drive shack inc. announces pricing of public offering of common stock

New york--(business wire)--drive shack inc. (nyse: ds, the “company”), a leading owner and operator of golf-related leisure and entertainment businesses, announced today that it priced its underwritten public offering of 20,833,334 shares of common stock at a price to the public of $2.40 per share for gross proceeds of approximately $50 million. all shares of common stock are being offered by the company. the company has granted the underwriters an option for a period of 30 days to purchase up
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