First Foundation, Advised by Sheppard Mullin Attorneys, Announces Pricing and Upsizing of Common Stock Offering

Friday, August 7, 2015 - 15:17

Sheppard Mullin represented First Foundation Inc. in the company’s public offering. First Foundation Inc. (NASDAQ: FFWM), a financial services company (the “Company”), with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, which collectively provide investment management, wealth planning, consulting, insurance, trust and banking services primarily to high-net-worth individuals and businesses, has announced that it has priced its public offering of 6,233,766 shares of its common stock at $19.25 per share. The offering is expected to result in gross proceeds of approximately $120.0 million and net proceeds of approximately $113.7 million, after underwriting discounts and estimated expenses of the offering. Based upon pricing and demand, the Company elected to increase the aggregate offering size from the previously announced $100.0 million.

The Company expects to use the net proceeds from this offering for general corporate purposes, including, among other uses, the support of organic growth and possible acquisitions, along with potentially repaying all or a portion of its $29 million of outstanding term debt.

The Sheppard Mullin deal team includes Josh Dean, John Tishler, Jason Schendel, Tom Reddy, Tanja Olano, Linda Igarashi, and Andrew Kreider.