AUBURN HILLS, Mich., July 1, 2015 /PRNewswire/ -- Unique Fabricating, Inc. (NYSE MKT: UFAB), which engineers and manufactures multi-material foam, rubber, and plastic components for the automotive and industrial appliance market, today announced the pricing of its initial public offering of 2,350,000 shares of common stock at a public offering price of $9.50 per share, before underwriting discounts and commissions. All of the common stock is being offered by Unique Fabricating. In addition, Unique Fabricating has granted the underwriters a 30-day option to purchase up to an additional 352,500 shares of common stock from the company at the public offering price. The shares are expected to begin trading on the NYSE MKT on July 1, 2015 under the ticker symbol "UFAB." The offering is expected to close on July 7, 2015, subject to customary closing conditions.
Roth Capital Partners and Taglich Brothers, Inc. are acting as joint book-running managers for the offering. National Securities Corporation is acting as co-manager for the offering.
We intend to use the net proceeds to us from this offering to repay the approximate $13.13 million principal amount of our 16% senior subordinated note, together with accrued interest, as of January 4, 2015. We will use proceeds remaining after payment of the 16% senior subordinated note, including any proceeds we receive if the over-allotment option is exercised by our underwriter, to temporarily reduce borrowings under the revolver portion of our senior secured credit facility.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on June 29, 2015. This offering is being made only by means of a written prospectus forming part of the effective registration statement. When available, copies of the final prospectus relating to this offering may be obtained by contacting: Roth Capital Partners at 888 San Clemente Drive, Newport Beach, CA 92660, Attention: Equity Capital Markets or by telephone (800) 678-9147 or by email at firstname.lastname@example.org; or Taglich Brothers, Inc. at 275 Madison Avenue, Suite 1618, New York, New York 10016, Attention Robert Schroeder, or by telephone (212) 661-6886 or by email at email@example.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, 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 registration or qualification under the securities laws of any such state or jurisdiction.
About Unique Fabricating, Inc.
Unique Fabricating, Inc. (NYSE MKT: UFAB) engineers and manufactures components for customers in the automotive and industrial appliance market. The Company's solutions are comprised of multi-material foam, rubber, and plastic components and utilized in noise, vibration and harshness (NVH) management, acoustical management, water and air sealing, decorative and other functional applications. Unique leverages proprietary manufacturing processes including die cutting, thermoforming, compression molding and fusion molding to manufacture a wide range of products including air management products, heating ventilating and air conditioning (HVAC), seals, fender stuffers, air ducts, acoustical insulation, door water shields, gas tank pads, light gaskets, topper pads, mirror gaskets and glove box liners. The company was founded in 1975 and is headquartered in Auburn Hills, Michigan. For more information, visit http://www.uniquefab.com/.
Brett Maas/Rob Fink
SOURCE Unique Fabricating, Inc.