Golf Galaxy, Inc. filed a registration statement with the SEC 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.
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.
