Bookrunner Stephens will sell 1,739,131 common shares through offering
By Devika Patel
Knoxville, Tenn., May 15 – USA Truck, Inc. priced a $34.78 million secondary offering stock, according to a prospectus supplement filed Friday with the Securities and Exchange Commission.
The selling shareholders will sell 1,739,131 common shares at $20.00 apiece. The price per share reflects a 9.95% discount to the May 14 closing share price of $22.21.
Stephens Inc. is the bookrunner.
The company will not receive any proceeds from the secondary sale.
The company is a truckload carrier based in Van Buren, Ark.
| Issuer: | USA Truck, Inc.
|
| Issue: | Common stock
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| Amount: | $34,782,620
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| Shares: | 1,739,131
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| Price: | $20.00
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| Warrants: | No
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| Bookrunner: | Stephens Inc.
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| Co-manager: | Cowen and Co.
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| Pricing date: | May 15
|
| Stock symbol: | Nasdaq: USAK
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| Stock price: | $22.21 at close May 14
|
| Market capitalization: | $244.56 million
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