PlayAGS, Inc. today announced that the underwriters of the Company's recent initial public offering consummated the exercise of the over-allotment option in full and purchased an additional 1,537,500 shares at the IPO price of $16 per share, less underwriting discounts and commissions. After deducting underwriting discounts and commissions, net proceeds from the over-allotment option totaled approximately $23 million.
Following the issuance of the over-allotment, AGS has 35,166,288 shares outstanding.
Credit Suisse, Deutsche Bank Securities, Jefferies and Macquarie Capital acted as joint book-running managers and as representatives of the underwriters for the offering. BofA Merrill Lynch, Citigroup, Nomura, Stifel and SunTrust Robinson Humphrey acted as joint book-running managers for the offering. Roth Capital Partners, Union Gaming, The Williams Capital Group, L.P. and Apollo Global Securities acted as co-managers for the offering.