REV Group Inc. (REVG) announced the pricing of underwritten secondary public offering of about 7.40 million shares of the company's common stock by American Industrial Partners Capital Fund IV, LP and American Industrial Partners Capital Fund IV (Parallel), LP at an offering price of $18.00 per share.
The Offering consists entirely of shares of the company's common stock to be sold by the Selling Stockholders, and the company will not receive any proceeds from the sale of the shares being offered by the Selling Stockholders, REV Group said in a statement.
The Offering is expected to close on March 15, 2024.
Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint book-running managers for the Offering.
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