STAMFORD, Conn., June 26, 2018 (GLOBE NEWSWIRE) -- The Lovesac Company today announced the pricing of its initial public offering of 3,500,000 shares of its common stock, at a public offering price of $16.00 per share. The Company has granted the underwriters an option to buy up to an additional 525,000 shares of common stock. Shares of the Company's common stock are expected to begin trading on the Nasdaq Global Market on June 27, 2018 under the ticker symbol “LOVE”. The offering is expected to close on June 29, 2018, subject to satisfaction of customary closing conditions.

Roth Capital Partners is serving as sole book-running manager with Craig-Hallum Capital Group as co-manager for the proposed offering.

About The Lovesac Company

Based in Stamford, Connecticut, The Lovesac Company is a direct-to-consumer specialty furniture brand with 68 retail showrooms supporting its ecommerce delivery model. Lovesac’s name comes from its original Durafoam filled beanbags called Sacs. The company derives a majority of its current sales from its proprietary platform called Sactionals, a washable, changeable, reconfigurable, and FedEx-shippable solution for large upholstered seating. Founder and CEO, Shawn Nelson’s, “Designed for Life” philosophy emphasizes sustainable products that are built to last a lifetime and designed to evolve with the customer’s needs, providing long-term utility and ultimately reducing the amount of furniture discarded into landfills.