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Stock impact report

Construction Partners, Inc. Announces Pricing of Secondary Offering of Class A Common Stock

Construction Partners, Inc. (ROAD) 
Last construction partners, inc. earnings: 2/7 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
DOTHAN, Ala., Sept. 17, 2019 (GLOBE NEWSWIRE) -- Construction Partners, Inc. (NASDAQ:ROAD) (“CPI” or the “Company”) today announced the pricing of an underwritten secondary offering of 5,000,000 shares of its Class A common stock by certain affiliates of SunTx Capital Management Corp. (the “selling stockholders”) at a public offering price of $14.25 per share. The underwriters will have a 30-day option to purchase up to an additional 750,000 shares of Class A common stock from the selling stockholders. The selling stockholders will receive all of the net proceeds from the offering. The Company is not selling any shares of Class A common stock in the offering and will not receive any proceeds from such offering. The offering is expected to close on September 20, 2019, subject to the satisfaction of customary closing conditions. BofA Merrill Lynch, Baird and Raymond James are acting as joint bookrunning managers for the proposed offering. Stephens Inc., D.A. Davidson & Co. and Impe Show less Read more
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