Alta equipment group inc. announces full exercise of option in secondary offering of common stock

Livonia, mich., aug. 04, 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 that the underwriters of its previously announced secondary public offering have fully exercised their option to purchase an additional 330,000 shares of common stock at $16.25 per share, bringing the total number of shares sold by the selling stockholder in the secondary offering to 2,530,000 shares of common stock. the gross proceeds to the selling stockholder in connection with the secondary offering, including the exercise of the option, were approximately $41.1 million, before deducting the underwriting discounts and commissions.
ALTG Ratings Summary
ALTG Quant Ranking