Press Release
March 17, 2021

Holland & Knight Advises Silvergate Capital on $300 Million "At-The-Market" Offering

WASHINGTON (March 17, 2021) – Holland & Knight advised Silvergate Capital Corporation (NYSE: SI) on the company's "at-the-market" equity offering program intended to provide the company with access to capital to support its growth and ongoing capital management strategy. On March 9, Silvergate filed a supplement to its existing shelf registration statement on Form S-3 relating to the sale of shares of its Class A common stock having an aggregate value of up to $300 million.

The shares are being offered through Goldman Sachs & Co. LLC, Keefe, Bruyette & Woods, Inc., Canaccord Genuity LLC, Compass Point Research & Trading, LLC, Craig-Hallum Capital Group LLC and Wedbush Securities Inc. as sales agents.

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 and William Levay and Associates Philippa Balestrieri and 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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