NV5 Announces Closing of Underwritten Public Offering of Common Stock
March 15 2021 - 4:01PM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a
provider of compliance, technology, and engineering consulting
solutions, today announced the closing of an underwritten public
offering of 1,612,903 shares of its common stock at a price of $
93.00 per share per share. After the underwriting discount and
estimated offering expenses payable by the Company, NV5 received
net proceeds of approximately $141 million. 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.
BofA Securities, Roth Capital Partners, Morgan
Stanley, and Baird acted 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 were offered by NV5
pursuant to an effective registration statement previously filed
with the Securities and Exchange Commission (“SEC”). An electronic
prospectus supplement relating to the offering was filed with the
SEC and is 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 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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