Engineering and consulting services provider NV5 Holdings, Inc. said Tuesday that it has priced its initial public offering of 1.4 million units, each unit comprised of one share of the company's common stock and one five-year warrant to purchase one share of the company's common stock, at a public offering price of $6.00 per unit, which is the mid-point of the previously expected range of $5.00 to $7.00 per unit.
The offering size was also increased from 1 million units to 1.4 million units.
The units are expected to begin trading on The NASDAQ Capital Market on March 27, and will trade solely as units until September 27, following which date the warrants will become exercisable at an exercise price of $7.80 per share and such units, shares and warrants may trade separately under the symbols "NVEEU", "NVEE" and "NVEEW", respectively.
The closing of the offering is expected to occur on April 2.
In addition, the company has granted the underwriters of the offering a 45-day option to purchase up to an additional 210,000 units solely to cover over-allotments, if any.
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