Atlas Technical Consultants, Inc. Announces Withdrawal of Proposed Offering of Class A Common Stock
August 14 2020 - 4:15PM
Atlas Technical Consultants, Inc. (NASDAQ: ATCX) (“Atlas” or the
“Company” ), a leading provider of professional testing,
inspection, engineering, program management and consulting
services, announced today that it has withdrawn the public offering
of its shares of Class A common stock due to stock market
conditions.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or jurisdiction.
About Atlas Technical Consultants
Headquartered in Austin, Texas, Atlas is a
leading provider of professional testing, inspection engineering
and consulting services under the name Atlas Technical Consultants,
offering solutions to public and private sector clients in the
transportation, commercial, water, government, education and
industrial markets. With more than 140 offices in 40 states and
3,200+ employees, Atlas provides a broad range of mission-critical
technical services, helping clients test, inspect, certify, plan,
design and manage a wide variety of projects across diverse end
markets. For more information, go to https://www.oneatlas.com.
Forward-Looking Statements
This press release contains certain
forward-looking statements, including but not limited to,
statements relating to the Company’s previously contemplated public
offering. Forward-looking statements are based on the Company’s
current expectations and assumptions. The Private Securities
Litigation Reform Act of 1995 provides a safe-harbor for
forward-looking statements. These statements may be identified by
the use of forward-looking expressions, including, but not limited
to, “expect,” “anticipate,” “intend,” “plan,” “believe,”
“estimate,” “potential,” “predict,” “project,” “should,” “would”
and similar expressions and the negatives of those terms, including
without limitation, risks related to customary closing conditions
or other risks discussed in the Company’s Annual Report on Form
10-K for the year ended December 31, 2019, as updated by its
Quarterly Report on Form 10-Q for the quarter ended June 30, 2020
and in the preliminary prospectus related to the proposed offering
filed with the SEC. Prospective investors are cautioned not to
place undue reliance on such forward-looking statements, which
speak only as of the date hereof. The Company undertakes no
obligation to publicly update any forward-looking statement,
whether as a result of new information, future events or
otherwise.
Contacts:
Investor Relations 512-851-1507
ir@oneatlas.com
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