Los Angeles, CA, December 13, 2011--B. Riley & Co., LLC (B. Riley) http://www.brileyco.com a ful,l service securities broker dealer providing research, sales and trading, and investment banking services, announced that it has acted as the sole underwriter in the successful completion of a $13.8 million common stock offering for BofI Holding, Inc. (NASDAQ:BOFI)
The offering consisted of 862,500 shares of BofI common stock at $16.00 per share, which included the full exercise of an over-allotment option consisting of 112,500 shares.
According to a news release issued by San Diego-based BofI Holding, Inc, the net proceeds from the offering will be used for general corporate purposes and possible future acquisitions and growth opportunities.
This marks the third transaction that B. Riley has handled for BofI Holding, Inc. in the past 18 months.
“B. Riley’s in-depth knowledge and research coverage of the financial services industry provides an experience and expertise that has served us well,” said Gregory Garrabrants, Chief Executive Officer and President of BofI. “We continue to be impressed with the professionalism of the B. Riley banking team.”
This communication 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 or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About BofI Holding, Inc. and BofI Federal Bank
BofI Holding, Inc. is the holding company for BofI Federal Bank, a nationwide savings bank that operates primarily through the Internet. With $2.0 billion in assets, the Bank provides a variety of consumer and wholesale banking services, focusing on gathering retail deposits over the Internet, and originating and purchasing single and multifamily mortgage loans, and purchasing mortgage-backed securities. BofI operates its Internet-based bank from a single location in San Diego, California. BofI Holding Inc.'s shares are listed on the Nasdaq Global Select Market under the symbol "BOFI" and are a component of the Russell 3000 Index.
About B. RILEY & CO.
B. Riley & Co. is a leading independent investment bank which provides a full array of corporate finance, research, sales, trading and otcqx dad services to corporate, institutional and high net worth individual clients. Investment banking services include merger and acquisitions advisory to public and private middle market companies, initial and secondary public offerings and institutional private placements. Its Corporate Governance Advisory Services Group is engaged by both companies and investors to help maximize value for shareholders. The firm is recognized for its distinguished Equity Research. Founded in 1997, B. Riley is headquartered in Los Angeles and maintains offices in Newport Beach, San Francisco, Philadelphia and New York. It is a member of FINRA and SIPC. For more information, please visit http://www.brileyco.com
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BofI Holding, Inc. (NASDAQ: BOFI), parent of BofI Federal Bank, announced the pricing of a public offering of 750,000 shares of its common stock at a price per share of $16.00. The Company has granted the underwriter an option for 30 days to purchase up to 112,500 additional shares of common stock.
Continue Reading >This month, we acted as exclusive financial advisor to Kratos (Nasdaq: KTOS) in its $17.5 Million Acquisition of SecureInfo, in addition to a few other engagements; from Research, we initiated research coverage of the media & entertainment industry and our Research tops the 3-year performance table by Investars. Three new hires join the 12 senior hires we added back in October.
Continue Reading >B. Riley is pleased to report the hiring of 12 professionals in Institutional Sales and Equity Research, significantly ramping up our presence in both the Bay Area and New York City; Senior Research Analyst Laura McGuigan, CFA, has launched coverage of the life sciences & diagnostics sector with the initiation and “Buy” Rating on three stocks: Genomic Health, Inc. (NASDAQ: GHDX), Myriad Genetics, Inc. (NASDAQ: MYGN) and Vermillion, Inc. (NASDAQ: VRML); B. Riley’s first annual Defense & Cybersecurity Conference, held September 20 in Santa Monica, drew a standing room only audience of institutional investors, global defense company representatives and industry experts.
Continue Reading >We acted as sole underwriter in the successful completion of a $15.94 million common stock offering for BofI Holding, Inc. (NASDAQ:BOFI). The offering consisted of 1,226,276 shares of BofI common stock at $13.00 per share. The total shares sold in the offering included 159,949 shares purchased by B. Riley through the exercise of the over-allotment option.
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