Brentwood, California – (The Hosting News) – October 12, 2006 – Financial institution website design, hosting, and technology solutions firm, Goldleaf Financial Solutions, Inc., has priced the sale of 10,000,000 newly issued shares of its common stock at $5.50 per share.
To cover over-allotments, the company granted the underwriters the right to purchase an additional 1,500,000 shares, also at $5.50 per share. The company’s net proceeds from the offering are expected to be approximately $49.3 million, or approximately $57.0 million if the underwriters exercise their over-allotment option, after deducting underwriting discounts and commissions and the expenses of the offering. The underwriters for this offering are Friedman, Billings, Ramsey and Co., Inc., acting as sole book manager, with JMP Securities LLC and D.A. Davidson and Co. as co-managers.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on October 4, 2006, and the public offering is being made by means of a prospectus. Copies of the prospectus may be obtained from Friedman, Billings, Ramsey and Co., Inc. at Potomac Tower, 1001 19th Street North, Arlington, VA 22209. T
Goldleaf Financial Solutions, Inc. (GFSI) offers a fully-featured product suite that provides core data processing, item processing and check imaging, ACH origination and processing, remote check capture and deposit processing, accounts receivable financing solutions, a teller automation system, turn-key leasing solutions, financial institution website design and hosting and retail inventory management services. Goldleaf believes its suite of products and services allows financial institutions and small to medium-sized business customers to compete more effectively in today’s aggressive financial services marketplace, to grow trusted financial relationships and to enhance profitability through the efficient use of technology and an expanded community presence.
For more information about Goldleaf Financial Solutions, please visit: www.goldleaf.com.