NV5 Holdings Completes Initial Public Offering
April 02 2013 - 1:30PM
Marketwired
NV5 Holdings, Inc. (the "Company") (NASDAQ: NVEEU), a provider of
professional and technical engineering and consulting solutions,
has completed its initial public offering of 1,610,000 units
(including the underwriter's full over-allotment option of 210,000
units), each unit comprised of one share of the Company's common
stock and one warrant to purchase one share of the Company's common
stock.
The units were sold at a public offering price of $6.00 per
unit, generating gross proceeds of approximately $9.7 million to
the Company. The units trade on The NASDAQ Capital Market under the
symbol NVEEU and the common stock and warrants will trade under the
symbols NVEE and NVEEW upon separation of the units on or about
September 27, 2013.
"This successful completion of our initial public offering and
our new status as a public company creates a stronger platform upon
which to further build NV5 as the preferred, single-source provider
of engineering and technical services in our market verticals,"
said Dickerson Wright, Chairman and CEO of the Company. "It better
aligns our employees, shareholders and strategic partners in this
common vision, and helps to facilitate the further expansion of our
market share both organically and through acquisition."
Roth Capital Partners, LLC acted as sole book-runner for the
initial public offering. A registration statement relating to these
securities was declared effective by the Securities and Exchange
Commission on March 26, 2013. This offering is being made solely by
means of a prospectus, a copy of which may be obtained from Roth
Capital Partners, LLC, 888 San Clemente Drive, Newport Beach,
California 92660, Attn: Equity Capital Markets, by telephone at
(800) 678-9147, or via email at rothecm@roth.com. The prospectus is
also available on the Securities and Exchange Commission website at
http://www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About NV5 Holdings, Inc.
NV5 Holdings, Inc. (NASDAQ: NVEEU) is a provider of professional
and technical engineering and consulting solutions to public and
private sector clients in the infrastructure, construction, real
estate and environmental markets. The Company primarily focuses on
five business service verticals: construction quality assurance,
infrastructure engineering, energy services, program management and
environmental services. The Company operates 20 offices in
California, Colorado, Utah, Florida and New Jersey and is
headquartered in Hollywood, Florida. For additional information,
please visit the Company's website at www.NV5.com.
Forward-Looking Statements
This 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. Such forward-looking
statements include, but are not limited to, statements regarding
creating a stronger platform upon which to further build the
Company as the preferred, single-source provider of engineering and
technical services, aligning the Company's employees, shareholders
and strategic partners, and expanding the Company's market share
both organically and through acquisition. 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 herein. Such factors
include, but are not limited to: (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, including the Annual Report on Form 10-K
for the fiscal year ended December 31, 2012. 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.
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Company Contact: NV5 Holdings, Inc. Richard Tong Tel
1-954-495-2112 Investor Relations: Liolios Group, Inc. Cody
Slach Tel 1-949-574-3860 Email Contact
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