Smart Sand, Inc. Commences Initial Public Offering

THE WOODLANDS, Texas, Oct. 25, 2016 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (the “Company”) has commenced an initial public offering of 10,615,152 shares of its common stock, of which 9,100,000 shares are to be sold by the Company and 1,515,152 shares are to be sold by the selling stockholders named in the registration statement on Form S-1 filed previously with the U.S. Securities and Exchange Commission (“SEC”). The anticipated initial offering price is between $15.00 and $18.00 per share, and the offering is being made pursuant to the registration statement.  The selling stockholders expect to grant the underwriters a 30-day option to purchase from the selling stockholders up to an additional 1,592,273 shares of the Company’s common stock.  The Company’s shares of common stock are expected to trade on the NASDAQ Global Select Market under the ticker symbol “SND.”

The Company intends to use the net proceeds it receives from the offering to redeem all of the outstanding shares of the Company’s Redeemable Series A Preferred Stock, to repay in full the outstanding indebtedness under the Company’s existing revolving credit facility and for general corporate purposes.The Company will not receive any net proceeds from the sale by the selling stockholders of shares of the Company’s common stock.

Credit Suisse, Goldman, Sachs & Co. and Jefferies are acting as book-running managers for the proposed initial public offering.  Additional book-running managers are Piper Jaffray & Co., Tudor, Pickering, Holt & Co and Deutsche Bank Securities.

The proposed initial public offering is being made only by means of a written prospectus.Once it becomes available, potential investors can obtain a written prospectus that meets the requirements of Section 10 of the Securities Act of 1933 from:

Credit Suisse
Attention:Prospectus Department
One Madison Avenue
New York, NY 10010
Telephone: (800) 221-1037
Email: newyork.prospectus@credit-suisse.com 
  Goldman, Sachs & Co.
Attention:  Prospectus Department
200 West Street
New York, NY 10282
Telephone: (212) 902-1171
Email: prospectus-ny@ny.email.gs.com 
     
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