Northland Securities, Inc

Northland Securities, Inc

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NCM: Co-Manager for Transcat Inc.’s Follow-On Offering of Common Stock

ROCHESTER, N.Y.–(BUSINESS WIRE)–Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration services, enterprise asset management services, and value-added distributor of professional grade handheld test, measurement and control instrumentation, today announced that it has priced its underwritten public offering of 736,845 shares of its common stock at a public offering price of $95.00 per share. Transcat expects the net proceeds from this offering to be approximately $65.2 million, after deducting underwriting discounts and commissions and estimated offering expenses.

Transcat intends to use the net proceeds from this offering to repay its credit facility with Manufacturers and Traders Trust Company, for working capital, and for other general corporate purposes. Transcat has granted the underwriters a 30-day option to purchase up to 110,526 additional shares of its common stock. Transcat expects the offering to close on or about September 25, 2023, subject to the satisfaction of customary closing conditions.

Northland Capital Markets acted as a co-manager on the offering.

Learn more:  Transcat, Inc. Press Release (9/21/2023)

NCM: Silverbow Resources Announces Upsize and Pricing of Public Offering of Common Stock

Silverbow Resources Announces Upsize and Pricing of Public Offering of Common Stock

HOUSTON–(BUSINESS WIRE)– SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced the upsize and pricing of its previously announced underwritten public offering of its common stock (the “Offering”). The size of the Offering increased from the previously announced 3,000,000 shares to an aggregate of 4,000,000 shares of the Company’s common stock, which includes 2,810,811 shares offered by the Company and 1,189,189 shares offered by an affiliate of Strategic Value Partners, LLC (the “Selling Stockholder”), at a price to the public of $37.00 per share. The Company and the Selling Stockholder have granted the underwriters a 30-day option to purchase up to an additional 600,000 shares, upsized from the previously announced 450,000 shares.

Northland Capital Markets acted as a co-manager on the offering.

Learn more:  SilverBow Resources, Inc. Press Release (9/13/2023)

NCM: CSG Systems International Announces Upsize and Pricing of Private Offering

CSG Systems International Announces Upsize and Pricing of $375 Million Private Offering

DENVER–(BUSINESS WIRE)–CSG Systems International, Inc. (NASDAQ: CSGS) – a purpose-driven, high-growth SaaS platform company – announced the pricing of its private offering of $375.0 million aggregate principal amount of 3.875% Convertible Senior Notes due 2028 (the “notes”) to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).  CSG also granted the initial purchasers of the notes an option to purchase up to an additional $50.0 million aggregate principal amount of the notes, for settlement within a 13-day period beginning on, and including, the first date on which the notes are issued.  The aggregate principal amount of the offering was increased from the previously announced offering size of $350.0 million.

Northland Capital Markets acted as a co-manager on the offering.

Learn more:  CSG Systems International Press Release (9/6/2023)

 

NCM: Asure Software, Inc. Announces Closing of Public Offering of Common Stock

Asure Software, Inc. Announces Closing of Public Offering of Common Stock

Asure Software, Inc. (NASDAQ: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, today closed its previously announced underwritten public offering.  In the offering, Asure sold 3,333,333 newly issued shares of its common stock at the public offering price of $12.00 per share. Gross proceeds to Asure were approximately $40 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by Asure.

Northland Capital Markets acted as a co-manager on the offering.

Learn more:  Asure Software, Inc. Press Release  (8/21/2023)

 

Northland Networks Attending the NIC 2023 Fall Conference

 

Northland Networks will be attending the NIC 2023 Fall Conference in Chicago, October 23-25.

This National Investment Center for Seniors Housing & Care (NIC) conference recognizes that partnerships between housing, financing, and healthcare leaders will be key to building a healthier future for America’s older adults.  Integrating the healthcare services with the housing environment will lead to greater options for future care. 

The Northland Networks team is eager to meet senior living industry professionals and grow our network. Email us to schedule a meeting: skahn@northlandsecurities.com or abudniak@northlandsecurities.com.  We’ll see you there!

For Financial Representatives Looking for Change: Meet Northland Wealth Management

YOUR TIME IS VALUABLE

We’d like to buy you a cup of coffee and discuss how Northland Wealth Management can help you and your business.

We’ll keep it short. We are a Midwest-based broker-dealer, and we focus on you and your clients like you are our family. At the end of the day, we work together to take care of your clients.

If you’re interested in learning more, let’s talk about how Northland Wealth Management could be the right fit for you and your practice as a trusted partner for your future success.

It’s as simple as a phone call, see our contact info below. Please let us know when you have some time to meet.

NORTHLAND’S ADVANTAGES

  • Locations in Minneapolis, Columbus, Denver, Detroit, Des Moines, Madison, Milwaukee
  • Clearing Firm – Pershing LLC
  • Northland Employee Benefits for Office Staff
  • Ethical and Dedicated Culture
  • Practical and Experienced Staff
  • Responsive Compliance Team
  • Solution-Driven Management
  • 20+ Years of Firm History & Growth

ABOUT NORTHLAND WEALTH MANAGEMENT

At Northland Wealth Management, we deliver solutions for individuals’ long-term financial needs.  Through experienced Financial Professionals and Registered Investment Adviser Representatives like you, we deliver a full spectrum of investment solutions to provide peace of mind for your clients.

Our constant focus is on you, your clients, and your future with Northland Wealth Management.

Northland Networks: Gary, IN – Skilled Nursing Facility Refinancing

Northland Networks is pleased to have been the exclusive placement agent for this successful loan placement for a senior housing refinancing loan. The financing was for a 100-Bed Skilled Nursing Facility in Gary, Indiana.

Despite economic volatility and rising interest rates, Northland Networks continues to be successful in closing healthcare and senior living financing deals. We partner with quality borrowers that have strong guarantees and are well collateralized. This makes working with Northland a smart choice for any lender looking for attractive yields and diversification benefits within the senior housing or healthcare space.

Please reach out for more information about Northland Networks or if you would like to see our current loan participations.

For more information:  Northland Networks Gary, IN South Shore Health & Rehab Refinancing  (5/31/2023)

Contact Northland Networks if there are questions or additional information is needed:

First National of Nebraska Closes Acquisition of Northland Capital Holdings

 

FOR IMMEDIATE RELEASE

For information contact:

Sally Christensen, 402-871-1933

schristensen@fnbo.com

 

First National of Nebraska Closes Acquisition of Northland Capital Holdings

OMAHA, NE. May 1, 2023 – First National of Nebraska, Inc. (FNNI) today announced that it has closed on its acquisition of Northland Capital Holdings, including its subsidiary Northland Securities, Inc. (Northland), which was originally announced in January.

“First National of Nebraska is delighted to fully welcome Northland and have already seen great alignment with the teams,” said David Cota, Executive Vice President, FNNI. “This transaction has been incredibly positive on many fronts, and we look forward to building on the momentum we’ve seen so far.”

Northland Securities will operate as a subsidiary of FNNI, and the Northland brand will continue with all Northland subsidiaries including Northland Securities and Northland’s capital markets divisions.

This acquisition enhances the capabilities of First National Capital Markets, another FNNI subsidiary, and its strong presence in Nebraska municipal bond underwriting. Significantly, this also complements Northland’s strong Midwest presence.

“As the past few months have confirmed, FNNI is a great fit for our clients and the Northland team on every level,” said Randy G. Nitzsche, Northland President and CEO. “We share the same commitment to meeting the financial goals of our individual, corporate, government, and non-profit clients with the highest levels of integrity and accountability, in addition to overall values to serve our collective customers.”

Piper Sandler & Co. served as financial advisor to First National of Nebraska and Kutak Rock LLP served as legal advisor. Faegre Drinker served as legal advisor to Northland Securities.

About First National of Nebraska, Inc.

First National of Nebraska and its affiliates have nearly $30 billion in assets and 5,000 employee associates. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota, Texas and Wyoming. Learn more at fnni.com.

About Northland Securities, Inc.

Northland Securities, Inc., member FINRA/SIPC and registered with SEC and MSRB, is a subsidiary of Northland Capital Holdings, Inc.  First National of Nebraska, Inc., is the parent company of Northland Capital Holdings, Inc. Northland is a diversified financial services firm, including investment banking and full-service broker-dealer divisions, offering investment and finance services for government entities, financial institutions, non-profit organizations and individual investors. The firm is a leading underwriter of tax-exempt bonds in the Midwest and is recognized for its equity markets research and specialization in finance and capital market access for corporate, government, and non-profit clients. Northland Securities’ primary office is located in Minneapolis, Minnesota, with branch offices in California, Colorado, Iowa, Michigan, Ohio and Wisconsin.

 

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FNNI Acquisition of NCH Closes – Press Release 5-1-23

Client Information on SEC’s Regulation Best Interest

SEC Regulation BI Information and Disclosures

The Securities and Exchange Commission (“SEC”) has adopted Regulation BI (“RegBI”), a new rule under the Securities Exchange Act of 1934 (“Exchange Act”) establishing a “best interest” standard of conduct for broker-dealers and Registered Investment Advisors (“RIAs”) and associated persons when making a recommendation of any securities transaction or investment strategy involving securities to a retail customer.  The standard of conduct is to act in the best interest of the retail customer at the time a recommendation is made, without placing the financial or other interest of the broker-dealer, RIA, or associated person making the recommendation ahead of the interest of the retail customer.  The SEC concurrently adopted a rule requiring each broker-dealer and RIA to provide its retail clients and file with the SEC a “Client Relationship Summary” (“Form CRS”) providing information about that broker-dealer or RIA and the way it conducts business.

The RegBI Form CRS compliance and implementation date is June 30, 2020.

Ask a Northland Financial Representative for more information on RegBI.

INVESTOR INFORMATION – What You Need to Know –

NORTHLAND DOCUMENTS