DLA Piper represented the underwriters in a follow-on public offering of 2.5 million shares of common stock of The Lovesac Company (NASDAQ: LOVE). The value of the offering is approximately US$90 million. Stifel, Nicolaus & Company, Inc., Canaccord Genuity LLC and Roth Capital Partners, LLC acted as joint book-running managers, and D.A. Davidson & Co. and Craig-Hallum Capital Group acted as co-managers for the offering.

The Lovesac Company is a direct-to-consumer specialty furniture brand with 75 retail showrooms supporting its e-commerce delivery model. Lovesac's name comes from its original Durafoam filled beanbags called Sacs. Lovesac derives a majority of its current sales from its proprietary platform called Sactionals, a washable, changeable, reconfigurable and shippable solution for large upholstered seating.

The DLA Piper team representing the underwriters was led by partner Sidney Burke (New York) and included associates Stephen Alicanti (New York), David Hurst and Chris Provera (both Phoenix).