spin masterToday, Spin Master Corp. announced that in connection with its recently completed initial public offering (IPO) of 12,225,000 subordinate voting shares at a price of C$18.00 per share, the over-allotment option granted to the underwriters to purchase up to an additional 1,833,750 subordinate voting shares was exercised in full, generating additional gross proceeds to Spin Master of C$33,007,500.

The net proceeds from the over-allotment option are expected to be used to repay indebtedness of the company. The sale of the additional subordinate voting shares today brings the aggregate gross IPO proceeds to Spin Master to approximately C$253.1 million.