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Atlas Financial Holdings, Inc. (TSX.V: AFH; NASDAQ: AFH) (“Atlas” or the “Company”) today announced the closing of its initial public offering of 4,125,000 ordinary shares, of which 1,500,000 shares were sold by the Company and 2,625,000 shares were sold by an existing shareholder of the Company. As previously announced on February 12, 2013 this offering was priced at $5.85 per share. In addition, Atlas granted the underwriters a 30-day option to purchase up to 618,750 additional ordinary shares at the initial public offering price. The shares began trading on the Nasdaq Capital Market on February 12, 2013 under the symbol “AFH” and continues to trade on the TSX Venture Exchange under the same symbol.
Sandler O’Neill + Partners, L.P. acted as the book-running manager for the offering. Sterne, Agee & Leach, Inc., EarlyBirdCapital, Inc. and Sidoti & Company LLC acted as co-managers for the offering in the United States. Canaccord Genuity Corp. acted as lead underwriter in connection with the offering in Canada.
Atlas has filed a registration statement on Form S-1 (File No. 333-183276), including a prospectus, with the SEC for the offering, which was declared effective by the SEC on February 11, 2013. The offering is also being made in Canada pursuant to a short form prospectus filed in the provinces of Ontario, Alberta and British Columbia. Prospective investors should read the prospectus in the registration statement and other documents that the Company has filed for more complete information about the Company and the offering. Investors may obtain these documents without charge by visiting EDGAR on the SEC or SEDAR websites at
www.sedar.com, respectively. Alternatively, copies of the U.S. written prospectus may be obtained from Sandler O’Neill + Partners, 1251 Avenue of The Americas, 6th Floor, New York, NY 10020, (866) 805-4128, and copies of the Canadian short form prospectus may be obtained from Canaccord Genuity Corp., 161 Bay Street, 30
th Floor, Toronto, Ontario, Canada, M5J 2S1.
The offering is being made only by means of a written prospectus forming a part of the effective registration statement.