Deal prices at 6.79% discount to company’s closing price on May 21
By Devika Patel
Knoxville, Tenn., May 28 – NV5 Holdings, Inc. said the underwriters for its public offering of stock opted to exercise the deal’s $4.18 million greenshoe in full, lifting total proceeds of the offering to $32.06 million on Wednesday. The deal was announced on May 21 and priced for $27.89 million with the greenshoe on May 22.
The company sold 1,644,500 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. Of the shares, 214,500 were part of the fully exercised greenshoe.
Roth Capital Partners was 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.
|
| Issue: | Common stock
|
| Amount: | $32,067,750, including $4,182,750 greenshoe of 214,500 shares
|
| Shares: | 1,644,500
|
| Price: | $19.50
|
| Warrants: | None
|
| Bookrunner: | Roth Capital Partners
|
| Co-manager: | National Securities Corp.
|
| Announcement date: | May 21
|
| Pricing date: | May 22
|
| Settlement date: | May 27
|
| Stock symbol: | Nasdaq: NVEE
|
| Stock price: | $20.92 at close May 21
|
| Market cap: | $144.63 million
|
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