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Orchid Island Capital, Inc. Closes Public Offering of Common Stock

Deals & Cases
January 25, 2021

Vinson & Elkins advised Orchid Island Capital, Inc. (the “Company”) in its underwritten public offering of 8,740,000 shares of its common stock, including 1,140,000 shares purchased by the underwriter pursuant to its exercise, in full, of an option to purchase additional shares. Aggregate net proceeds to the Company from the offering, after deducting estimated offering expenses, were approximately $45.3 million.

The offering closed on January 25, 2021.

The V&E corporate team was led by partner Greg Cope, with senior associate Caroline Bailey and associate Bekah Briggs. Advising on tax matters were partner Chris Mangin, senior associate Paige Anderson and associate Maddie Brown.

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For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 11 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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