Attached files
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EX-5.1 - OPINION OF GODFREY & KAHN, S.C. - SharpSpring, Inc. | shsp_ex5-1.htm |
EX-1.1 - UNDERWRITING AGREEMENT - SharpSpring, Inc. | shsp_ex1-1.htm |
8-K - CURRENT REPORT - SharpSpring, Inc. | shsp-20201231.htm |
Exhibit 99.1
SharpSpring Announces Pricing of Public Offering of Common
Stock
GAINESVILLE, FL / ACCESSWIRE / December 16, 2020 /
SharpSpring, Inc.
(NASDAQ:SHSP), a leading cloud-based marketing and sales
automation platform, announced today the pricing of its
underwritten public offering of 1,000,000 shares of its common
stock at a price to the public of $15.00 per share. Richard A.
Carlson, SharpSpring's Chief Executive Officer and President,
granted to the underwriters a 30-day option to purchase up to an
additional 150,000 shares of common stock at the public offering
price, less the underwriting discount. The offering is subject to
customary closing conditions and is expected to close on December
18, 2020.
Net
proceeds from the offering are expected to be approximately $13.9
million after deducting the underwriting discount and
estimated offering expenses payable by SharpSpring. SharpSpring
will not receive any proceeds from the sale of common stock, if
any, by Mr. Carlson.
Needham
& Company, LLC and Lake Street Capital Markets, LLC are acting
as joint book-running managers for the offering.
The
offering is being made pursuant to an effective shelf registration
statement on Form S-3 (File No. 333-222850), which was declared
effective by the Securities and Exchange Commission on February 9,
2018. A prospectus supplement and accompanying prospectus relating
to the offering will be filed with the Securities and Exchange
Commission. When available, copies of the prospectus supplement and
accompanying prospectus relating to the offering will be available
on the Securities and Exchange Commission's website at http://www.sec.gov,
or may be obtained from Needham & Company, LLC, Attention:
Syndicate Prospectus Department, 250 Park Avenue, 10th Floor, New
York, New York 10177, or by telephone at 1-800-903-3268, or by
email at prospectus@needhamco.com,
or from Lake Street Capital Markets, LLC, Attention: Syndicate
Department, 920 Second Avenue South, Suite 700, Minneapolis,
Minnesota 55402, or by calling (612) 326-1305, or by emailing
syndicate@lakestreetcm.com.
This
press release does not and shall not constitute an offer to sell or
the solicitation of an offer to buy any securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such an offer, solicitation, or sale would be unlawful prior
to the registration or qualification under the securities law of
any such state or jurisdiction.
About SharpSpring, Inc.
SharpSpring,
Inc. (NASDAQ:SHSP) is a rapidly growing, highly-rated global
provider of affordable marketing automation delivered via a
cloud-based Software-as-a-Service (SaaS) Platform. Thousands of
businesses around the world rely on SharpSpring to generate leads,
improve conversions to sales, and drive higher returns on marketing
investments. Known for its innovation, open architecture and free
customer support, SharpSpring offers flexible contracts at a
fraction of the price of competitors making it an easy choice for
growing businesses and digital marketing agencies. Learn more at
sharpspring.com.
Safe Harbor Statement
This
press release contains forward-looking information. Readers are
cautioned not to place undue reliance on any such forward-looking
statements, each of which speaks only as of the date made. Such
statements are subject to certain risks and uncertainties,
including those disclosed in Part I, Item IA, Risk Factors, in
SharpSpring's Annual Report on Form 10-K for the year ended
December 31, 2019, as amended, as updated by SharpSpring's
subsequently filed Quarterly Report on Form 10-Q for the quarter
ended September 30, 2020, and in the preliminary prospectus
supplement related to the proposed public offering to be filed with
the SEC. These risks and uncertainties could cause actual results
to differ materially from those currently anticipated or
projected.
Company Contact:
Aaron
Jackson
Chief
Financial Officer
Phone:
352-448-0967
Email:
IR@sharpspring.com
Investor Relations:
Gateway
Investor Relations
Matt
Glover or Tom Colton
Phone:
949-574-3860
Email:
SHSP@gatewayir.com
SOURCE: SharpSpring, Inc.