MCLEAN, Va., (GLOBE NEWSWIRE) – May 13, 2015 — Gladstone Land Corporation (Nasdaq:LAND) (the “Company”) today announced the pricing of its public offering of 1,250,000 shares of common stock, at a price to the public of $11.40 per share, for a total of approximately $14.3 million of gross proceeds and a total of approximately $13.3 million of net proceeds to the Company after deducting underwriting discounts, commissions, fees and estimated offering expenses payable by the Company. Janney Montgomery Scott LLC, Oppenheimer & Co. Inc., JMP Securities LLC and Ladenburg Thalmann & Co. Inc., are serving as the joint book running managers for the offering. Maxim Group LLC and J.J.B. Hilliard, W.L. Lyons, LLC are serving as co-managers.
Maxim Group served as a co-manager for Gladstone Land’s $14.3 million follow-on offering.