ROTH Capital Partners Acts as Sole Book-Running Manager
for ASV Holdings, Inc. (NASDAQ: ASV) in its $26.6 Million IPO

For more information please contact:

Investment Banking
David Farina, CFA
Managing Director
(312) 564-8103

dfarina@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

ASV Holdings, Inc. (NASDAQ: ASV), a loader equipment manufacturer, has completed an underwritten initial public offering of 3,800,000 shares of its common stock at public offering price of $7.00 per share. 1,800,000 shares were sold by ASV Holdings, Inc. and 2,000,000 shares were sold by Manitex International, Inc., resulting in the gross proceeds of $26.6 Million. In addition, A.S.V. Holding, LLC, which is a subsidiary of Terex Corporation, has granted to the underwriters a 45-day option to acquire an additional 570,000 shares to cover over-allotments in connection with the offering. The shares began trading on the Nasdaq Capital Market on May 12, 2017 under the symbol “ASV.”

       

ROTH Capital Partners is acting as sole book-running manager for the offering.

 

About ASV Holdings, Inc.
ASV, Inc. manufactures and sells a line of high quality compact track and skid steer loaders. Equipment designed and built by ASV uses unique and patented rubber track and undercarriage technology that provides exceptional traction on soft, wet, slippery, rough or hilly terrain. ASV's history dates back to 1983. Its founders, forerunners of the early snowmobile industry were also founders of Polaris Industries and then Arctic Cat. For more information about ASV and its products, please visit http://asvllc.com. (Source: Company Press Release | 5/12/17)

 

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.

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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 2017.