Montrose Environmental Group Announces Pricing of Upsized Public Offering
September 29 2021 - 7:00AM
Business Wire
Montrose Environmental Group, Inc. (the “Company” or “Montrose”)
(NYSE: MEG) announced today the pricing of the previously announced
underwritten public offering by the Company of 2,500,000 shares of
its common stock at a price of $62.00 per share (before
underwriting discounts and commissions). The offering was upsized
from the previously announced 1,750,000 shares. The Company has
also granted the underwriters a 30-day option to purchase up to an
additional 375,000 shares of common stock. All of the securities to
be sold in the offering are being offered by the Company. The
offering is expected to close on October 1, 2021, subject to the
satisfaction of customary closing conditions.
The Company intends to use the net proceeds from the offering
for general corporate purposes, including, among other things,
funding acquisitions or business expansion, working capital,
capital expenditures such as investments in research, development
and software, or the repayment of debt.
J.P. Morgan, BofA Securities and William Blair are acting as
joint leading book-running managers and representatives of the
underwriters for the offering. Stifel, Needham & Company,
Capital One Securities and BNP PARIBAS are also acting as joint
book-running managers for the offering.
The offering of these securities is being made only by means of
a prospectus supplement and related prospectus. Copies of the final
prospectus supplement and prospectus relating to the offering can
be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York
11717, by telephone: 1-866-803-9204, or by email at
prospectus-eq_fi@jpmchase.com; BofA Securities, NC1-004-03-43; 200
North College Street, 3rd Floor, Charlotte, North Carolina
28255-0001, Attention: Prospectus Department or by email at
dg.prospectus_requests@bofa.com; or William Blair & Company,
L.L.C., Attention: Prospectus Department, 150 North Riverside
Plaza, Chicago, Illinois, 60606, by phone at +1(800) 621-0687, or
by email at prospectus@williamblair.com.
An automatic shelf registration statement on Form S-3 relating
to these securities was filed with the Securities and Exchange
Commission on August 11, 2021 and became effective upon filing.
This press release shall not constitute an offer to sell or the
solicitation of any 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 registration or
qualification under the securities laws of any such state or
jurisdiction.
About Montrose
Montrose is an environmental services company that supports
government and commercial organizations with a range of services,
from air measurement and laboratory services to regulatory
compliance, permitting, engineering, and remediation.
Forward-Looking Statements
This press release contains forward-looking statements.
Forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements may be identified by the use of words such as “intend,”
“expect”, and “may”, and other similar expressions that predict or
indicate future events or that are not statements of historical
matters. Forward-looking statements are based on current
information available at the time the statements are made and on
management’s reasonable belief or expectations with respect to
future events, and are subject to risks and uncertainties, many of
which are beyond the Company’s control, that could cause actual
performance or results to differ materially from the belief or
expectations expressed in or suggested by the forward-looking
statements. Further, many of these factors are, and may continue to
be, amplified by the COVID-19 pandemic. Additional factors or
events that could cause actual results to differ may also emerge
from time to time, and it is not possible for the Company to
predict all of them. Forward-looking statements speak only as of
the date on which they are made, and the Company undertakes no
obligation to update any forward-looking statement to reflect
future events, developments or otherwise, except as may be required
by applicable law. Investors are referred to the Company’s
registration statement for additional information regarding the
risks and uncertainties that may cause actual results to differ
materially from those expressed in any forward-looking
statement.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210929005447/en/
Investor Relations: Rodny Nacier (949) 988-3383
ir@montrose-env.com Media Relations: Doug Donsky (646)
361-1427 Montrose@icrinc.com
Montrose Environmental (NYSE:MEG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Montrose Environmental (NYSE:MEG)
Historical Stock Chart
From Apr 2023 to Apr 2024