Orchid Island Capital’s $45.3 Million Shares Offering

Vinson & Elkins LLP advised Orchid Island Capital on the deal.

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 (Picture), 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.

Involved fees earner: Paige Anderson – Vinson & Elkins LLP; Bekah Briggs – Vinson & Elkins LLP; Gregory Cope – Vinson & Elkins LLP; Caroline Bailey – Vinson & Elkins LLP; Christopher Mangin Jr. – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: Orchid Island Capital;


Author: Ambrogio Visconti