Press Release
January 26, 2021

Holland & Knight Advises Silvergate Capital on $287.5 Million Offering

WASHINGTON (January 26, 2021) – Holland & Knight advised Silvergate Capital Corporation (NYSE: SI) on its underwritten public offering of $287.5 million of shares of Class A common stock. The offering was completed on Jan. 26, 2021.

Goldman Sachs & Co. LLC, Keefe, Bruyette & Woods, A Stifel Company, and Canaccord Genuity acted as joint lead book-running managers for the offering. Compass Point and Craig-Hallum acted as co-managers.

Silvergate intends to use the net proceeds from the proposed offering to further supplement the regulatory capital levels of the company and its wholly-owned subsidiary, Silvergate Bank, and for other general corporate purposes.

Based in La Jolla, California, Silvergate is the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry. The company's real-time payments platform, known as the Silvergate Exchange Network, is at the heart of its customer-centric suite of payments, lending and funding solutions serving an expanding class of digital currency companies and investors around the world.

Holland & Knight Partners Kevin Houlihan, Mark Goldschmidt and William Levay and Associate Benjamin St. Angelo led the firm's representation of Silvergate in the transaction.

More information about the transaction can be found here.

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