Attached files
| file | filename |
|---|---|
| EX-5.1 - OPINION OF LUCOSKY BROOKMAN LLP - Attis Industries Inc. | mrdn_ex51.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - Attis Industries Inc. | mrdn_ex11.htm |
| 8-K - CURRENT REPORT - Attis Industries Inc. | mrdn_8k.htm |
Exhibit
99.1
Meridian
Waste Solutions Announces $12.4 Million Public Offering and NASDAQ
Listing
MILTON, GA / ACCESSWIRE / January 24, 2017
/ Meridian Waste Solutions, Inc. (NASDAQ: MRDN, MRDNW)
("Meridian Waste" or the "Company"), a vertically integrated,
non-hazardous solid waste services company, today announced the
pricing of an underwritten public offering of 3,000,000 shares of
common stock and warrants to purchase 3,000,000 shares of common
stock. Each share of common stock and warrant to purchase one share
of common stock are offered at a combined public offering price of
$4.13. The warrants will have a per share exercise price of $5.16,
are exercisable immediately and will expire five years from the
date of issuance. The common stock and the warrants have been
approved to list on the Nasdaq Capital Market under the symbols
MRDN and MRDNW, respectively.
The
aggregate gross proceeds to Meridian Waste from the public offering
are expected to be $12,390,000 prior to deducting underwriting
discounts, commissions and other estimated offering expenses.
Meridian Waste has granted the underwriters a 45-day option to
purchase up to an additional 450,000 shares of common stock and/or
warrants to purchase 450,000 shares of common stock to cover
over-allotments, if any. The offering is expected to close on
January 30, 2017, subject to customary closing
conditions.
Meridian Waste
intends to use the net proceeds from the public offering for
capital expenditures including additional trucks and equipment to
service recently awarded business, tuck-in acquisitions, repayment
of indebtedness and working capital.
Joseph
Gunnar & Co., LLC is acting as sole book-running manager for
the offering. Axiom Capital Management, Inc. is acting as a
co-manager for the offering and Garden State Securities, Inc. is
acting as a Selected Dealer in the offering.
The
Securities and Exchange Commission declared effective a
registration statement on Form S-1 relating to these securities on
January 24, 2017. A final prospectus relating to this offering will
be filed with the SEC. The offering is being made only by means of
a prospectus. Copies of the prospectus relating to the offering may
be obtained by contacting Joseph Gunnar & Co., LLC, Prospectus
Department, 30 Broad Street, 11th Floor, New York, NY 10004,
telephone 212-440-9600, email: prospectus@jgunnar.com.
Investors may also obtain these documents at no cost by visiting
the Securities and Exchange Commission's website at http://www.sec.gov.
Before
you invest, you should read the prospectus and other documents the
Company has filed or will file with the Securities and Exchange
Commission for more complete information about the Company and the
offering.
This
press release shall not constitute an offer to sell or a
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 the registration or
qualification under the securities laws of any such state or
jurisdiction.
About
Meridian Waste Solutions, Inc.:
Meridian Waste
Solutions, Inc. is a company defined by our commitment to servicing
our customers with unwavering respect, fairness and care. We are
focused on finding and implementing solutions to solid waste needs
and challenges within the industry and for our customers.
Currently, the company operates in St. Louis, Missouri and services
over 65,000 residential, commercial, industrial and governmental
customers. In addition to a fleet of commercial, residential and
roll off trucks, the Company operates three transfer stations and
one municipal solid waste landfill.
For
more information, visit www.MWSinc.com.
Forward-Looking
Statements
This
press release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
that involve certain risks and uncertainties. The actual results or
outcomes of Meridian Waste Solutions, Inc. may differ materially
from those anticipated. Although Meridian Waste Solutions, Inc.
believes that the assumptions underlying the forward-looking
statements contained herein are reasonable, any such assumptions
could prove to be inaccurate. Therefore, Meridian Waste Solutions,
Inc. can provide no assurance that any of the forward-looking
statements contained in this press release will prove to be
accurate.
In
light of the significant uncertainties and risks inherent in the
forward-looking statements included in this press release, such
information should not be regarded as a representation by Meridian
Waste Solutions, Inc. that its objectives or plans will be
achieved. Included in these uncertainties and risks are, among
other things, fluctuations in operating results, general economic
conditions, uncertainty regarding the results of certain legal
proceedings and competition. Forward-looking statements consist of
statements other than a recitation of historical fact and can be
identified by the use of forward-looking terminology such as "may,"
"intend," "expect," "will," "anticipate," "estimate" or "continue"
or the negatives thereof or other variations thereon or comparable
terminology. Because they are forward-looking, such statements
should be evaluated in light of important risk factors and
uncertainties. These risk factors and uncertainties are more fully
described in Meridian Waste Solutions, Inc.'s most recent Annual
and Quarterly Reports filed with the Securities and Exchange
Commission, including under the heading entitled "Risk Factors."
Meridian Waste Solutions, Inc. does not undertake an obligation to
update publicly any of its forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
Investors:
Hayden
IR
ir@meridianwastesolutions.com
(917)
658-7878