Alta equipment group inc. announces pricing of upsized secondary offering of common stock

Livonia, mich., july 21, 2023 (globe newswire) -- alta equipment group inc. (nyse: altg) (“alta” or the “company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced the pricing of an upsized underwritten secondary offering of 2,200,000 shares of its common stock, par value $0.0001 per share (the “common stock”) by an affiliate of b. riley financial, inc. (the “selling stockholder”) at a price to the public of $16.25 per share. the underwriters have been granted a 30-day option to purchase up to an additional 330,000 shares of common stock from the selling stockholder. the offering is expected to close on july 25, 2023, subject to the satisfaction of customary closing conditions.
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