Follow-On Offering

Technology & Services
Follow-On Offering

Summary

Baird served as a joint bookrunner in this offering

About

PRGX Global, Inc. (“PRGX” or the “Company”) (NASDAQ: PRGX) recently completed a follow-on offering of 6,249,234 shares of its common stock at a price of $6.39 per share, generating gross proceeds of approximately $39.9 million. The offering included 2,500,000 shares sold by the Company and 3,749,234 shares sold by certain selling shareholders. The Company will not receive any proceeds associated with the sale of shares by the selling shareholders. The Company intends to use the net proceeds it receives from the offering for working capital and general corporate purposes, including potential acquisitions.

PRGX is a provider of recovery audit services. With over 1,600 employees, the Company operates and serves clients in more than 30 countries and provides its services to over 75% of the top 30 global retailers. PRGX is also pioneering Profit Discovery™, a unique combination of audit, analytics and advisory services that improves client financial performance. PRGX is headquartered in Atlanta, Georgia.

For additional information about this transaction, please contact:

Brian Doyal 312-609-4916
Chris Hildreth 312-609-4937
Harsh Singh 312-609-7046
Peter Kies 414-765-7262
Jonathan Harrison +44 (0) 207 667 8414
Technology & Services
Follow-On Offering
Date
December 2012
Company
PRGX Global, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

Share