NV5 Global (NVEE) Prices 1.613M Share Common Offering at $93/Sh

NV5 Global, Inc. (NASDAQ: NVEE), a provider of compliance, technology, and engineering consulting solutions, today announced the pricing of an underwritten public offering of 1,612,903 shares of its common stock at a price of $93.00 per share. NV5 has also granted the underwriters a 30-day option to purchase 241,935 additional shares of its common stock at the public offering price. After the underwriting discount and estimated offering expenses payable by the Company, NV5 expects to receive net proceeds of approximately $141 million. The offering is expected to close on March 15, 2021, subject to customary closing conditions.

BofA Securities, Roth Capital Partners, Baird and Morgan Stanley are acting as joint book-running managers for the offering. CJS Securities, Inc., Lake Street Capital Markets, LLC, Maxim Group LLC and Sidoti & Company, LLC are acting as co-managers for the offering.

The Company intends to use the net proceeds of the offering for general corporate purposes, which may include possible acquisitions, the expansion of its business, providing working capital, and reducing debt.

The shares described above are being offered by NV5 pursuant to a registration statement previously filed with and subsequently declared effective by the Securities and Exchange Commission (“SEC”).

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