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PROSPECTUS SUPPLEMENT
(to the Prospectuses dated July 23, 2019 and May 26, 2020) |
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Per Share
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Total
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Public offering price
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| | | $ | 18.00 | | | | | $ | 10,000,008 | | |
Underwriting discounts and commissions
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| | | $ | 1.44 | | | | | $ | 800,001 | | |
Proceeds to Fortress, before expenses
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| | | $ | 16.56 | | | | | $ | 9,200,007 | | |
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Benchmark Company
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ThinkEquity
a division of Fordham Financial Management, Inc.
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Prospectus (Registration No. 333-226089)
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Prospectus (Registration No. 333-238327)
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As of March 31, 2020
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Actual
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As Adjusted
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(in thousands, except par value data)
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Cash and cash equivalents
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| | | $ | 135,943 | | | | | $ | 144,973 | | |
Long-term debt (net of debt discount of $4,354 at March 31, 2020)
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| | | | 70,866 | | | | | | 70,866 | | |
Stockholder’s equity: | | | | | | | | | | | | | |
Preferred stock, $0.001 par value; 15,000,000 authorized 5,000,000 designated Series A shares, 2,054,917 shares outstanding, actual, 2,610,473 shares outstanding, as adjusted
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| | | | 2 | | | | | | 3 | | |
Common stock, $.001 par value, 100,000,000 shares authorized, 78,572,169 shares issued and outstanding as of March 31, 2020
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| | | | 79 | | | | | | 79 | | |
Common stock issuable, 489,095 shares as of March 31, 2020
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| | | | 661 | | | | | | 661 | | |
Treasury stock (preferred)
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| | | | (70) | | | | | | (70) | | |
Additional paid-in capital
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| | | | 485,160 | | | | | | 494,189 | | |
Accumulated deficit
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| | | | (448,604) | | | | | | (448,604) | | |
Total stockholders’ equity before non-controlling interests
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| | | | 37,228 | | | | | | 46,258 | | |
Non-controlling interests
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| | | | 38,057 | | | | | | 38,057 | | |
Total capitalization
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| | | $ | 75,285 | | | | | $ | 84,315 | | |
Underwriters
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Number of Shares
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The Benchmark Company, LLC
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| | | | 277,778 | | |
ThinkEquity, a division of Fordham Financial Management, Inc.
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| | | | 277,778 | | |
Total
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| | | | 555,556 | | |
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Per Share
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Total
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Without
Option to Purchase Additional Shares |
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With
Option to Purchase Additional Shares |
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Without
Option to Purchase Additional Shares |
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With
Option to Purchase Additional Shares |
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Public offering price
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| | | $ | 18.00 | | | | | $ | 18.00 | | | | | $ | 10,000,008 | | | | | $ | 11,500,002 | | |
Underwriting discounts and commissions
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| | | | 1.44 | | | | | | 1.44 | | | | | | 800,001 | | | | | | 920,000 | | |
Proceeds to us, before expenses
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| | | | 16.56 | | | | | | 16.56 | | | | | | 9,200,007 | | | | | | 10,580,002 | | |
Prospectus
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Prospectus
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Benchmark Company
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ThinkEquity
a division of Fordham Financial Management, Inc.
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