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