ROTH Capital Partners Acts as Sole Manager
for Aspen Group, Inc. (NASDAQ: ASPU) in its
$23 Million Follow-On

   

For more information please contact:

Investment Banking
Jared Schramm
Managing Director
(949) 720-7125
jschramm@roth.com

Paul Zaffaroni
Managing Director &
Co-Head of Consumer
Investment Banking
(949) 720-7174
pzaffaroni@roth.com

Robert Reid
Vice President
(949) 720-7146
rreid@roth.com

Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
agurewitz@roth.com
 
Nazan Akdeniz
Senior Vice President
(949) 720-5740
nakdeniz@roth.com
 
Lou Ellis
Senior Vice President
(949) 720-5739
lellis@roth.com

Transaction Information
Aspen Group, Inc. (Nasdaq: ASPU), a post-secondary education company, has closed an underwritten public offering of 3,220,000 shares of its common stock, which includes the sale of 420,000 shares pursuant to the full exercise of the over-allotment option granted to the underwriters. The shares were sold at a price of $7.15 per share, resulting in the gross proceeds for Aspen Group, Inc. of approximately $23 Million. Aspen Group, Inc. intends to use the proceeds from this offering for general corporate purposes and working capital.

ROTH Capital Partners acted as sole manager for the offering.

About Aspen Group, Inc.
Aspen Group, Inc. is a publicly held, for-profit post-secondary education company headquartered in New York, NY. It owns two accredited universities, Aspen University and United States University. Aspen Groupís vision is to make college affordable again in America. For more information, please visit https://ir.aspen.edu.
(Source: Company Press Release | 4/23/18)

About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. For more information on ROTH, please visit www.roth.com.

Date of Announcement: 4/25/18

The material, information and  facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC ("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of ROTH. Copyright 2018.