Bookrunner Roth Capital Partners raises funds for corporate purposes
By Devika Patel
Knoxville, Tenn., May 13 – NV5 Holdings, Inc. said it priced a $44.63 million public sale of stock with a $6.69 million greenshoe. The deal was announced Thursday.
The company will sell 1.7 million common shares at $26.25 per share. The price per share is a 9.89% discount to the May 12 closing share price of $29.13.
Roth Capital Partners is the bookrunner.
Settlement is expected May 18.
Proceeds will be used for the potential acquisition of Dade Moeller & Associates, Inc., a Richland, Wash.-based environmental health and safety firm, and for general corporate purposes.
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: | $44,625,000
|
| Greenshoe: | $6,693,750, or 255,000 shares
|
| Shares: | 1.7 million
|
| Price: | $26.25
|
| Warrants: | No
|
| Bookrunner: | Roth Capital Partners
|
| Co-manager: | Seaport Global Securities
|
| Announcement date: | May 12
|
| Pricing date: | May 13
|
| Settlement date: | May 18
|
| Stock symbol: | Nasdaq: NVEE
|
| Stock price: | $29.13 at close May 12
|
| Market capitalization: | $220.02 million
|
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