SEC gives LSB green light on possible stock sale

Oklahoma City-LSB Industries Inc. said last week that its shelf registration statement on Form S-3 of $200 million of securities has been declared effective by the Securities and Exchange Commission. The registration gives LSB the ability to offer and sell up to $200 million of its securities, consisting of common stock, preferred stock, debt (senior and subordinated), warrants, units, or a combination thereof. “We do not have immediate plans to sell our securities under the registration statement,” said LSB Chairman and CEO Jack Golsen. “The board of directors believed that having a shelf registration in place was prudent given the current market environment, as it provides us greater financial flexibility in the event we identify strategic opportunities that may require additional capital.”