Offerings: National American Sells 1.05 Million Overallotment
June 8, 2010 (FinancialWire) — National American University Holdings, Inc. (NASDAQ: NAUH) said that its underwriters have fully exercised their over-allotment option to purchase an additional 1.05 million shares of common stock in connection with the company’s offering of seven million shares of its common stock at $7.50 per share.
Stifel, Nicolaus & Co. (NYSE: SF) acted as sole bookrunner.
In total, the company sold 8.05 million shares of common stock. Of these shares, 4.55 million shares were issued and sold by the company and 3.5 million shares were sold by selling stockholders.
South Dakota-based National American University Holdings, through its wholly owned subsidiary, owns National American University.
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