Jernigan Capital, Inc. Announces Pricing of Upsized Public Offering of Common Stock

Jernigan Capital, Inc. Announces Pricing of Upsized Public Offering of Common Stock  MEMPHIS, Tenn.–(BUSINESS WIRE)–Jernigan Capital, Inc. (NYSE: JCAP) (the “Company”) today announced that it has priced an underwritten public offering of 3,500,000 shares of its common stock, which was upsized from the previously announced offering of 3,000,000 shares of common stock, at a public offering price of $22.00 per share, for net proceeds, after the underwriting discount but before estimated expenses of the offering payable by the Company, of approximately $73.2 million. The offering is expected to close on June 27, 2017, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 525,000 shares of common stock. The Company intends to use the net proceeds from the offering to fund its development portfolio and for general corporate purposes. Raymond James & Associates, Inc., Jefferies LLC, KeyBanc Capital Markets Inc. and Robert W. Baird & Co. Incorporated are acting as joint book-running managers for the offering and FBR & Co. is acting as co-manager. This offering may only be made by means of a prospectus supplement and the accompanying prospectus. Copies of the preliminary prospectus supplement and accompanying prospectus related to the offering may be obtained by visiting the Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov or from Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716, telephone: (800) 248-8863, email: prospectus@raymondjames.com; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, telephone: (877) 821-7388, email: Prospectus_Department@Jefferies.com; and KeyBanc Capital Markets Inc., Attention: Equity Syndicate, 127 Public Square,...