HOLLYWOOD, Fla., Aug. 09, 2018 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (NASDAQ: NVEE), a provider of professional and technical engineering and consulting solutions, today announced the pricing of an underwritten public offering of 1,270,000 shares of its common stock at a price of $79.00 per share. A selling stockholder named in the prospectus supplement related to the offering has granted the underwriters a 30-day option to purchase 190,500 additional shares of the Company’s 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 $93.5 million. The Company will not receive any proceeds from the sale of its common stock by the selling stockholder if such 30-day option is exercised. The offering is expected to close on August 13, 2018, subject to customary closing conditions.
BofA Merrill Lynch and Roth Capital Partners are acting as joint book-running managers for the offering.
The Company intends to use the net proceeds of the offering for general corporate purposes, which may include paying for possible acquisitions from its current pipeline or the expansion of its business and providing working capital.
The shares described above are being offered by NV5 and, if applicable, the selling stockholder 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.
About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. NV5 primarily focuses on five business verticals: construction quality assurance, infrastructure, engineering and support services, energy, program management, and environmental solutions. The Company operates out of more than 100 locations nationwide and in Macau, Hong Kong and the UAE.
