SCOTTS VALLEY, Calif., July 16, 2014 (GLOBE NEWSWIRE) -- Fox Factory Holding Corp. (Nasdaq:FOXF) ("FOX") today announced the closing of the underwritten public offering of 5,750,000 shares of its common stock held by certain stockholders of FOX (collectively, the "Selling Stockholders"), including Compass Group Diversified Holdings LLC (NYSE:CODI), at a public offering price of $15.50 per share. The total shares sold include 750,000 shares sold in connection with the exercise in full underwriters' option to purchase additional shares. The Selling Stockholders received all of the proceeds from the offering.
BofA Merrill Lynch and Baird acted as joint book-running managers for the offering. William Blair, Piper Jaffray, SunTrust Robinson Humphrey, and CJS Securities, Inc. acted as co-managers.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on July 10, 2014. Copies of the final prospectus relating to the offering may be obtained from: Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, New York, NY 10038, Attention: Prospectus Department or by email at dg.prospectus_requests@baml.com; Robert W. Baird & Co. Incorporated at 777 East Wisconsin Avenue, Milwaukee, Wisconsin 53202, Attention: Syndicate Department, telephone: (800) 792-2473 or email: syndicate@rwbaird.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Fox Factory Holding Corp. (Nasdaq:FOXF)
Headquartered in Scotts Valley, CA, FOX designs and manufactures high-performance suspension products primarily for mountain bikes, side-by-side vehicles, on-road and off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles. For more than three decades, FOX's team of enthusiasts and professional athletes has been improving vehicle performance through a unique commitment to redefining ride dynamics.
FOX is a registered trademark of Fox Factory, Inc. NASDAQ Global Select Market is a registered trademark of The NASDAQ OMX Group, Inc. All rights reserved.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Any statements contained herein (including, but not limited to, statements to the effect that FOX or its management "anticipates," "plans," "estimates," "expects," "believes," or the negative of these terms and other similar expressions) that are not statements of historical fact should be considered forward-looking statements. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks and uncertainties include, without limitation, the consummation of the offering by the selling stockholders and other factors as set forth from time to time in the Company's Securities and Exchange Commission filings including as set forth in the "Risk Factors" and elsewhere in FOX's registration statement on Form S-1 (File No. 333-196945), as amended. The Company intends these forward-looking statements to speak only as of the time of this release and does not undertake to update or revise them as more information becomes available, except as required by law.