ROTH Capital Partners Acts as Joint Book-Running Manager
for The Lovesac Company (Nasdaq:LOVE)
in its $42.2 Million Secondary Offering

   

For more information please contact:

Investment Banking
Byron Roth
Chairman & CEO
(949) 720-5721
broth@roth.com

Paul Zaffaroni
Managing Director
Co-Head of Consumer
Investment Banking
(949) 720-7174
pzaffaroni@roth.com

Jonathan Alyn
Director
(949) 720-7156
jalyn@roth.com

Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
agurewitz@roth.com
 
Nazan Akdeniz
Senior Vice President
(949) 720-5740
nakdeniz@roth.com
 
Lou Ellis
Senior Vice President
(949) 720-5739
lellis@roth.com

Transaction Information
The Lovesac Company (Nasdaq: LOVE) has completed an underwritten public offering of 2,220,000 shares of its common stock. The shares were sold by certain selling stockholders of The Lovesac Company at an offering price of $19.00 per share, resulting in the gross proceeds of approximately $42.2 Million. The Lovesac Company will not receive any of the proceeds from the sale of the shares offered by the selling stockholders, but will bear the costs associated with the sale of such shares, other than underwriting discounts and commissions.

ROTH Capital Partners acted as joint book-running manager for the offering.

About The Lovesac Company
Based in Stamford, Connecticut, The Lovesac Company is a direct-to-consumer specialty furniture brand with 77 retail showrooms supporting its ecommerce delivery model. Lovesac’s name comes from its original Durafoam filled beanbags called Sacs. The Company derives a majority of its current sales from its proprietary platform called Sactionals, a washable, changeable, reconfigurable, and FedEx-shippable solution for large upholstered seating. Founder and CEO, Shawn Nelson’s, “Designed for Life” philosophy emphasizes sustainable products that are built to last a lifetime and designed to evolve with the customer’s needs, providing long-term utility and ultimately reducing the amount of furniture discarded into landfills. For more information, please visit www.lovesac.com.
(Source: Company Press Release | 10/29/18)

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, please visit www.roth.com.

Date of Announcement: 11/19/18

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.