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Latham & Watkins Advises Underwriter in Turning Point Brands’ Registered Block Trade of Two Million Shares of Common Stock by Standard General

February 18, 2021
Capital markets team represented the underwriter in the offering by the manufacturer, marketer, and distributor of branded consumer products.

Turning Point Brands, Inc. has closed its announced underwritten registered block trade of 2,000,000 shares of the Company’s common stock by funds affiliated with Standard General L.P. at an offering price of US$56 per share. In addition, the Standard General Funds have granted the underwriter the option to purchase up to 300,000 shares of the common stock from them to cover over-allotments, if any, which will be exercisable for two business days.

Latham & Watkins LLP represented the underwriter in the offering with a capital markets team led by New York partners Keith Halverstam and Andrew Baker, with associates Gemma Mootoo Rajah, Biagio Marino, and Egzon Sulejmani. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim, with associate Sam Yang.