Lucosky Brookman LLP represents client EF Hutton, a division of Benchmark Investments, LLC, as underwriter and sole book-running manager for another successful offering.
Lucosky Brookman LLP congratulates its client EF Hutton, a division of Benchmark Investments, LLC, on its successful $6.0 Million Underwritten Public Offering of common stock of Global Self Storage, Inc. (NASDAQ: SELF). EF Hutton acted as underwriter and the sole book-running manager for the offering.
Global Self Storage is a real estate investment trust that owns, operates, manages, acquires, and redevelops self-storage properties. The underwritten public offering of 1,121,496 shares of its common stock was undertaken at a public offering price of $5.35 per share, for gross proceeds to the company of approximately $6.0 million.
Global Self Storage intends to use the net proceeds it receives from the offering to fund acquisitions of self storage properties and/or expansions of the company's existing self storage properties, to fund joint ventures with third parties for the acquisition and expansion of self storage properties, and for working capital and general corporate purposes.