Turning Point Brands Announces Pricing of Registered Block Trade of Two Million Shares of Common Stock by Standard General
Summary
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or the “Company”) (NYSE: TPB) today announced the pricing of the previously announced underwritten registered block trade of 2,000,000 shares of the Company’s common stock by funds affiliated with Standard General L.P. (the “Standard General Funds” or the “Selling Stockholders”) at an offering price of $56.00 per share. In addition, the Standard General Funds have granted the underwriter the option to purchase up to 300,000 shares of the common stock from them to cover over-allotments, if any, which will be exercisable for two business days. Forward-looking statements may generally be identified by the use of words such as "anticipate," "believe," "expect," "intend," "plan" and "will" or, in each case, their negative, or other variations or comparable terminology. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. TPB has no obligation, and does not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws.