THE WOODLANDS, Texas, Feb. 01, 2017 (GLOBE NEWSWIRE) -- Smart Sand, Inc. has commenced a public offering of 4,000,000 shares of its common stock, of which 1,500,000 shares are to be sold by the Company and 2,500,000 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 selling stockholders expect to grant the underwriters a 30-day option to purchase from the selling stockholders up to an additional 600,000 shares of the Company’s common stock. The Company’s shares of common stock are traded on the NASDAQ Global Select Market under the ticker symbol “SND.”

The Company intends to use the net proceeds it receives from the offering for future capital projects and 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 public offering. Additional book-running managers are Piper Jaffray & Co., Tudor, Pickering, Holt & Co. and Deutsche Bank Securities.

About Smart Sand:

Smart Sand, Inc. is a pure-play, low-cost producer of high-quality Northern White raw frac sand, which is a preferred proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. Northern White raw frac sand, which is found predominantly in Wisconsin and limited portions of Minnesota and Illinois, is highly valued by oil and natural gas producers as a preferred proppant due to its favorable physical characteristics.