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PROSPECTUS SUPPLEMENT
(to the Prospectus dated December 1, 2016) |
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Filed Pursuant to Rule 424(b)(5)
Registration No. 333-213199 |
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Per Share
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Total
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Public offering price
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| | | $ | 25.00 | | | | | $ | 25,000,000 | | |
Underwriting discounts and commissions(1)
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| | | $ | 1.75 | | | | | $ | 1,750,000 | | |
Proceeds to Fortress, before expenses
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| | | $ | 23.25 | | | | | $ | 23,250,000 | | |
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Page
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| | | | S-7 | | | |
| | | | S-15 | | | |
| | | | S-16 | | | |
| | | | S-17 | | | |
| | | | S-28 | | | |
| | | | S-38 | | | |
| | | | S-42 | | | |
| | | | S-42 | | | |
| | | | S-42 | | | |
| | | | S-42 | | | |
Disclosure of Commission Position on Indemnification for Securities Act Liabilities |
| | | | S-43 | | |
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Six Months
Ended June 30, 2017 |
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Year Ended December 31,
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2016
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2015
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2014
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2013
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2012
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(in thousands)
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Ratio of earnings to fixed charges(1)
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| | | | N/A(2) | | | | | | N/A(2) | | | | | | N/A(2) | | | | | | N/A(2) | | | | | | N/A(2) | | | | | | N/A(2) | | |
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As of June 30, 2017
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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, cash equivalents and investment securities
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| | | $ | 164,382 | | | | | $ | 186,707 | | |
Long-term debt, including subsidiary convertible note
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| | | | 40,736 | | | | | | 40,736 | | |
Stockholder’s equity: | | | | ||||||||||
Preferred stock, par value $0.001 par value; 15,000,000 shares authorized,
no shares issued and outstanding, actual, 1,000,000 shares outstanding, as adjusted |
| | | | — | | | | | | 1 | | |
Common stock, $.001 par value, 100,000,000 shares authorized,
50,463,245 shares issued and outstanding as of June 30, 2017 |
| | | | 50 | | | | | | 50 | | |
Common stock issuable, 45,818 shares as of June 30, 2017
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| | | | 189 | | | | | | 189 | | |
Additional paid-in capital
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| | | | 346,630 | | | | | | 368,954 | | |
Accumulated deficit
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| | | | (274,598) | | | | | | (274,598) | | |
Total stockholders’ equity before non-controlling interests
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| | | | 72,271 | | | | | | 94,595 | | |
Non-controlling interests
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| | | | 78,345 | | | | | | 78,345 | | |
Total capitalization
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| | | $ | 191,352 | | | | | $ | 213,676 | | |
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Underwriters
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Number of Shares
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B. Riley FBR, Inc.
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| | | | 340,000 | | |
National Securities Corporation
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| | | | 655,000 | | |
H.C. Wainwright & Co., LLC
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| | | | 5,000 | | |
Total
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| | | | 1,000,000 | | |
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