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CA-based apparel retailer announces pricing of common stock secondary offering

22
Dec '06
The Wet Seal Inc, a leading specialty retailer to young women, announced that it has completed the pricing of its secondary offering of 16,000,000 shares of its Class A common stock at a public offering price of $6.00 per share.

The selling stockholders have granted the underwriters an over-allotment option to purchase up to an additional 2,400,000 shares of the Company's Class A common stock.

The shares are being sold by certain affiliates of Prentice Capital Management, LP, S.A.C. Capital Associates, LLC and GMM Capital LLC.

The offering is expected to close on December 28, 2006.

The Company will not receive any proceeds from this offering, other than proceeds received as a result of the exercise of warrants for shares of Class A common stock to be sold in the offering by the selling stockholders.

The Wet Seal Inc


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