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CTPartners Executive Search increases offering price of previously announced underwritten offering

Earlier, the company had announced that the public offering price per share would be $3.00. As a result of the increased price per share, the number of shares to be sold by the company will be reduced to 1,454,059 shares from the previously announced 1,666,667 shares, which will reduce the dilution to existing stockholders. The expected proceeds from the offering will not be affected by the re-pricing. The changes in the terms of the offering were made to assure that the offering would not require stockholder approval under NYSE MKT rules. The offering is expected to close on 4th February, subject to the satisfaction of customary closing conditions.

Craig-Hallum Capital Group is acting as sole managing underwriter for the offering.


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