RENTON,
Wash., May 9, 2022 /PRNewswire/ -- Radiant
Logistics, Inc. (NYSE-American: RLGT), a third party logistics and
multimodal transportation services company, today reported that the
Securities and Exchange Commission (SEC) has declared effective its
$150 million universal shelf
registration statement on Form S-3.
Radiant's Founder and Chief Executive Officer, Bohn Crain, said "This registration statement
replaces our previous $100 million
universal shelf registration that recently expired and provides us
with the continued financial flexibility to access capital to
support and accelerate our growth strategy should the opportunity
present itself."
Under the Form S-3, the Company may from time to time issue up
to $150 million of any combination of
common equity, preferred equity and debt securities (including
preferred equity or debt convertible into common equity or
preferred equity), or warrants, rights or units consisting of any
of the foregoing. The net proceeds of any such issuances by
the Company are expected to be used for general corporate
purposes.
The Company's willingness and ability to raise capital under the
Form S-3 will depend upon a number of circumstances, including the
Company's need for additional capital to fund operations, organic
growth or acquisitions, the Company's financial and operating
performance and the receptiveness of the capital markets to
potential offerings by the Company. The Company does not
currently have any agreements with respect to the issuance of
securities pursuant to the Form S-3. The terms of any
offering under the shelf registration will be determined at the
time of the offering and disclosed in a prospectus supplement filed
with the SEC.
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
securities in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
laws of any such state.
Any offering of the securities covered under the shelf
registration statement will be made solely by means of a prospectus
and an accompanying prospectus supplement relating to that
offering. Before you invest in any offering, you should
read the prospectus in the registration statement, the applicable
prospectus supplement and other documents the Company has filed
with the SEC for more complete information about Radiant and any
offering. A copy of the prospectus included in the
registration statement may be obtained at no charge at the SEC's
website at www.sec.gov. In addition, when available, copies
of the prospectus, and any prospectus supplement relating to a
particular offering, may be obtained by contacting Radiant
Logistics, Triton Towers Two, 700 S. Renton Village Place, Seventh
Floor, Renton, WA 98057, Attn:
General Counsel, (425) 943-4599.
About Radiant Logistics (NYSE
American: RLGT)
Radiant Logistics (www.radiantdelivers.com) is a third-party
logistics and multimodal transportation services company providing
a full suite of technology enabled global transportation and
value-added logistics solutions through a network of Radiant and
agent -owned offices located throughout North America and other key global
markets. Through its comprehensive service offering, Radiant
provides domestic and international freight forwarding services,
truck and rail brokerage services and other value-added supply
chain management services, including customs brokerage, order
fulfillment, inventory management and warehousing to its customers
around the world.
Interested parties can access additional information about
Radiant on its website at http://www.radiantdelivers.com, and in
documents filed with the United States Securities and Exchange
Commission, on the SEC's website at http://www.sec.gov.
This press release includes 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, regarding future operating performance, events, trends and
plans. All statements other than statements of historical fact
contained herein, including, without limitation, statements
regarding our future financial position, business strategy, and
plans and objectives of management for future operations, are
forward-looking statements. Forward-looking statements generally
can be identified by the use of forward-looking terminology such as
"may," "will," "expects," "intends," "plans," "projects,"
"estimates," "anticipates," or "believes" or the negative thereof
or any variation thereon or similar terminology or expressions. We
have based these forward-looking statements on our current
expectations and projections about future events. These
forward-looking statements are not guarantees and are subject to
known and unknown risks, uncertainties and assumptions about us
that may cause our actual results, levels of activity, performance
or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by such forward-looking statements. Important factors that
could cause our actual results to differ from our expectations,
include, but are not limited to those risk factors disclosed in
Item 1A of our Report on Form 10-K for the year ended June 30, 2021, other filings with the Securities
and Exchange Commission and other public documents and press
releases which can be found on our website
(www.radiantdelivers.com). Readers are cautioned not to place undue
reliance on our forward-looking statements, as they speak only as
of the date made. Such statements are not guarantees of future
performance or events and we undertake no obligation to disclose
any revision to these forward-looking statements to reflect events
or circumstances occurring after the date hereof.
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SOURCE Radiant Logistics, Inc.