ROTH Capital Partners Acts as Lead Manager
for Limoneira Company (Nasdaq:LMNR)
in its $69 Million Follow-On

   

For more information please contact:

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

Jacob Frank
Director
(949) 720-7135
jfrank@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
Limoneira Company (Nasdaq:LMNR), a diversified citrus packing, sales and marketing company with related agribusiness activities and real estate development operations, has closed an underwritten registered public offering of 3,136,362 shares of its common stock, which includes the sale of 409,090 shares pursuant to the full exercise of the over-allotment option granted to the underwriters. The shares were sold at a public offering price of $22.00 per share, resulting in gross proceeds to Limoneira of approximately $69 million.

Limoneira intends to use the proceeds from the offering to fund its recently announced asset acquisition from Fruticola San Pablo S.A. and the capital expenditures associated with such acquisition, as well as future potential acquisitions and general corporate purposes.

ROTH Capital Partners acted as lead manager for the offering.

About Limoneira Company
Limoneira Company, a 125-year-old international agribusiness headquartered in Santa Paula, California, has grown to become one of the premier integrated agribusinesses in the world. Limoneira (pronounced lē mon΄Ôra) is a dedicated sustainability company with approximately 11,200 acres of rich agricultural lands, real estate properties, and water rights in California, Arizona and Chile. The Company is a leading producer of lemons, avocados, oranges, specialty citrus and other crops that are enjoyed throughout the world. For more information, please visit https://limoneira.com.
(Source: Company Press Release | 6/21/18)

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: 6/28/18

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.