Golf Galaxy Announces Follow-On Public Offering
03 Mayo 2006 - 7:18AM
PR Newswire (US)
EDEN PRAIRIE, Minn., May 3 /PRNewswire-FirstCall/ -- Golf Galaxy,
Inc. (NASDAQ:GGXY) today filed a registration statement with the
Securities and Exchange Commission for an underwritten public
offering of 3,130,000 shares of the company's common stock. The
offering will consist of 307,584 shares offered by the company and
2,822,416 shares offered by certain Golf Galaxy shareholders. The
company will not receive any portion of the proceeds of the sale by
such selling shareholders. It is expected that the underwriters
will have an option to purchase up to an additional 469,500 shares
of common stock from certain selling shareholders to cover
over-allotments, if any. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050728/CGTH081LOGO ) The
company has selected Piper Jaffray as sole book-running manager and
William Blair & Company as co-lead manager for the offering.
Wedbush Morgan Securities has also been selected as co-manager for
the offering. When available, a copy of the prospectus relating to
the offering may be obtained from: Piper Jaffray & Co. William
Blair & Company Attn: Equity Capital Markets Attn: Prospectus
Department 800 Nicollet Mall 222 West Adams Street Minneapolis, MN
55402 Chicago, IL 60606 Telephone: (612) 303-6220 Telephone: (312)
236-1600 Wedbush Morgan Securities Attn: Underwriting Syndicate
1000 Wilshire Boulevard 10th Floor Los Angeles, CA 90017 Telephone:
(213) 688-8050 A registration statement relating to these
securities has been filed with the Securities and Exchange
Commission but has not yet become effective. These securities may
not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy nor shall there be any sale of these securities in any state in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state. About Golf Galaxy, Inc. Golf Galaxy, Inc., based in Eden
Prairie, Minn., owns and operates golf specialty retail stores. The
company currently operates 59 stores in 24 states and an ecommerce
website. The GolfWorks is a wholly owned subsidiary of Golf Galaxy
that sells direct to consumers via a catalog and the Internet.
Investors: Rick Nordvold Golf Galaxy, Inc. 952-941-8848 Investors
and media: Susan Eich For Golf Galaxy, Inc. 612-285-4188
http://www.newscom.com/cgi-bin/prnh/20050728/CGTH081LOGO
http://photoarchive.ap.org/ DATASOURCE: Golf Galaxy, Inc. CONTACT:
Investors, Rick Nordvold of Golf Galaxy, Inc., +1-952-941-8848; or
Investors and media, Susan Eich for Golf Galaxy, Inc.,
+1-612-285-4188 Web site: http://www.golfgalaxy.com/
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