For more information please contact:
David Farina, CFA
Equity Capital Markets
Head of Equity
Senior Vice President
Senior Vice President
Asure Software, Inc. (NASDAQ:ASUR), a leading global provider of human capital management (HCM) and workplace management software, has closed an underwritten public offering of its common stock. The offering consisted of 2,375,000 newly issued common stock shares being sold by Asure Software, which includes 375,000 shares pursuant to the full exercise of the over-allotment option granted to the underwriters and 500,000 shares sold by iSystems Holdings, LLC, the selling stockholder. The shares were sold at a public offering price of $17.50 per share, resulting in the gross proceeds for Asure Software of approximately $41.6 Million. Asure Software will not receive any proceeds from the sale of shares by the selling stockholder.
Asure Software intends to use proceeds received from the sale of the common stock for general corporate purposes. Asure Software may also use a portion of the proceeds to acquire or invest in complementary businesses, assets or technologies, although Asure Software has not entered into any definitive agreement with respect to any specific acquisition at this time.
ROTH Capital Partners acted as joint book-running manager for the offering.
About Asure Software, Inc.
Headquartered in Austin, Texas, Asure offers intuitive and innovative cloud-based solutions designed to help organizations of all sizes and complexities build companies of the future. Asure Software’s cloud platforms enable more than 100,000 clients worldwide to better manage their people and space in a mobile, digital, multi-generational, and global landscape. Asure’s offerings include a fully-integrated HCM platform, flexible benefits and compliance administration, human resources consulting, and time and labor management as well as a full suite of workspace management solutions for conference room scheduling, desk sharing programs, and real estate optimization. For more information, please visit
(Source: Company Press
Release | 6/14/18)
About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven
investment bank focused on serving emerging growth companies and
their investors. As a full-service investment bank, ROTH provides
capital raising, M&A advisory, analytical research, trading,
market-making services and corporate access. Headquartered in
Newport Beach, CA, ROTH is privately-held and employee owned, and
maintains offices throughout the U.S. For more information on ROTH,
Date of Announcement:
The material, information and facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC
("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any
companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or
estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ
materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be
reproduced in any form without the express written permission of ROTH. Copyright 2018.