NV5 Prices Underwritten Public Offering of Common Stock
March 10 2021 - 11:47PM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a
provider of compliance, technology, and engineering consulting
solutions, today announced the pricing of an underwritten public
offering of 1,612,903 shares of its common stock at a price of
$93.00 per share. NV5 has also granted the underwriters a 30-day
option to purchase 241,935 additional shares of its common stock at
the public offering price. After the underwriting discount and
estimated offering expenses payable by the Company, NV5 expects to
receive net proceeds of approximately $141 million. The offering is
expected to close on March 15, 2021, subject to customary closing
conditions.
BofA Securities, Roth Capital Partners, Baird and Morgan Stanley
are acting as joint book-running managers for the offering. CJS
Securities, Inc., Lake Street Capital Markets, LLC, Maxim Group LLC
and Sidoti & Company, LLC are acting as co-managers for the
offering.
The Company intends to use the net proceeds of the offering for
general corporate purposes, which may include possible
acquisitions, the expansion of its business, providing working
capital, and reducing debt.
The shares described above are being offered by NV5 pursuant to
a registration statement previously filed with and subsequently
declared effective by the Securities and Exchange Commission
(“SEC”). An electronic prospectus supplement relating to the
offering is being filed with the SEC and will be available on the
SEC’s website at http://www.sec.gov.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, 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. Copies of the
prospectus supplement and accompanying base prospectus relating to
this offering may be obtained when available from BofA Securities,
Attention: Prospectus Department, NC1-004-03-43, 200 North College
Street, 3rd floor, Charlotte, NC 28255-0001, or by email at
dg.prospectus--requests@bofa.com; from Roth Capital Partners, LLC,
888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, (800)
678-9147; from Robert W. Baird & Co. Incorporated, Attention:
Syndicate Department, 777 East Wisconsin Avenue, Milwaukee, WI
53202; from Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or by
accessing the SEC’s website, http://www.sec.gov.
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of compliance, technology, and engineering consulting
solutions for public and private sector clients supporting
infrastructure, utility, and building assets and systems. The
Company primarily focuses on six business verticals: testing,
inspection & consulting, infrastructure support services,
utility services, buildings & program management, environmental
health sciences, and geospatial technology services. NV5 operates
out of more than 100 offices nationwide and abroad. For additional
information, please visit the Company’s website at www.NV5.com.
Also visit the Company on Twitter, LinkedIn, Facebook, and
Vimeo.
Forward-Looking StatementsThis press release
contains “forward-looking statements” within the meaning of the
safe harbor provisions of the U.S. Private Securities Litigation
Reform Act of 1995. The Company cautions that these statements are
qualified by important factors that could cause actual results to
differ materially from those reflected by the forward-looking
statements contained in this news release. Such factors include:
(a) changes in demand from the local and state government and
private clients that we serve; (b) general economic conditions,
nationally and globally, and their effect on the market for our
services; (c) competitive pressures and trends in our industry and
our ability to successfully compete with our competitors; (d)
changes in laws, regulations, or policies; and (e) the “Risk
Factors” set forth in the Company’s most recent SEC filings. All
forward-looking statements are based on information available to
the Company on the date hereof, and the Company assumes no
obligation to update such statements, except as required by
law.
Investor Relations ContactNV5 Global, Inc. Jack
CochranVice President, Marketing & Investor RelationsTel:
+1-954-637-8048Email: ir@nv5.com
Source: NV5 Global, Inc.
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