Deal prices at 6.79% discount to company’s closing price Thursday
By Susanna Moon
Chicago, May 22 – NV5 Holdings, Inc. said it priced a $27.89 million public offering of common stock with a 30-day over-allotment option for additional 214,500 shares. The company announced plans for the public offering on May 21.
The company sold 1.43 million shares of its common stock at a price of $19.50 per share, which is a 6.79% discount to the company’s closing price May 21.
Roth Capital Partners is the manager.
Proceeds will be used for general corporate purposes, including acquisitions, investments, business expansion and working capital.
The Hollywood, Fla., company provides professional and technical engineering and consulting services to public and private sector clients.
| Issuer: | NV5 Holdings, Inc.
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| Issue: | Stock
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| Amount: | $27,885,000
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| Greenshoe: | For 214,500 shares
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| Shares: | 1.43 million
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| Price: | $19.50
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| Warrants: | None
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| Bookrunner: | Roth Capital Partners
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| Co-manager: | National Securities Corp.
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| Pricing date: | May 22
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| Stock symbol: | Nasdaq: NVEE
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| Stock price: | $20.92 at close May 21
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| Market cap: | $143.24 million
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