Deal Details
Verra Mobility Completes $187.5 Million Follow-On Offering
Summary
Verra Mobility Corporation ("Verra Mobility" or the "Company”) (NASDAQ: VRRM) recently completed a follow-on offering of 15,000,000 shares of Class A common stock at a price of $12.50 per share, generating gross proceeds of $187.5 million. In addition, Verra Mobility has granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of Class A common stock at the public offering price less underwriting discounts and commissions. All of the shares sold in the offering were offered by selling shareholders.
Baird served as a co-manager on this offering.
About
Verra Mobility is a leading provider of smart mobility technology solutions and services throughout the United States, Canada and Europe. The Company provides integrated technology solutions and services which include toll and violations management, title and registration, automated safety solutions and other data driven solutions to its customers, which include rental car companies, fleet management companies, other large automobile fleet owners and local government agencies. Verra Mobility is headquartered in Mesa, Arizona.CONTACT US TO LEARN MORE
- Date
- June 2019
- Company
- Verra Mobility Corporation
- Transaction
- Equity Capital Markets
- Sectors
- Technology & Services
- Verticals
-
Business Process Outsourcing
- Target Geography
- North America
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