| | Per Share | | | Total(3) | |
Price to public | | | $2.400 | | | $50,000,001.60 |
Underwriting discount(1)(2) | | | $0.126 | | | $2,625,000.08 |
Proceeds, before expenses, to Drive Shack Inc. | | | $2.274 | | | $47,375,001.52 |
(1) | See “Underwriting” for a description of compensation to the underwriters. |
(2) | The underwriters will not be entitled to any underwriting discounts and commissions from the sale of shares to the Director Purchaser. |
(3) | Assumes no exercise of the underwriters’ option to purchase additional common stock. |
BTIG | | | Craig-Hallum |