Brean Murray, Carret & Co. Acts as Manager and Bookrunner for PUDA Offering

NEW YORK, Feb. 19 /PRNewswire/ -- Brean Murray, Carret & Co. (BMC), a boutique investment bank and asset management firm, announced today that it acted as lead manager and sole bookrunner on a public offering on behalf of Puda Coal, Inc (PUDA). PUDA is a supplier of high grade metallurgical coking coal for steel manufacturing in China and a coal mine consolidator. According to a PUDA press release issued on February 18th at the time of closing, the company expects to receive net proceeds of approximately $14,538,100 million from the 3,284,000 shares included in the offering.

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On February 12th, the Company priced the public offering of 2,855,652 shares of its common stock at $4.75 per share. The expected yield net proceeds, after expenses, of $12,569,486, was expected prior to the exercise of the underwriters' 30-day over-allotment option to purchase an additional 428,348 shares of common stock.

The final prospectus related to the offering can be obtained through contacting Brean Murray, Carret & Co., LLC, Attention: Minnie Huang, 570 Lexington Avenue, New York, NY 10022, by telephone at (212) 702-6667, or via email at [email protected].

BMC is dedicated to Small and Midcap growth companies and their investors. The company focuses on delivering high quality investment ideas and investment banking services to institutional and corporate clients in the following 5 verticals: Consumer Products and Retailing, Healthcare, Natural Resources, Technology and private/publicly traded Chinese Companies.  Services include equity research, investment banking, institutional sales and trading, and asset management.

Headquartered in New York City, the company also maintains offices in Boston, Chicago, San Francisco and Beijing, China. In addition, the company is well known for its sector specific investment conferences. Visit www.breanmurraycarret.com for more information.

SOURCE Brean Murray, Carret & Co.