secwatch.observer — SEC 8-K summary
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Issuer:     ALTA EQUIPMENT GROUP INC. (ALTG)
CIK:        0001759824
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0000950170-23-034445
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alta Equipment closes secondary offering of 2.2M shares at $16.25; selling stockholder nets $34M
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- Secondary offering of 2,200,000 shares of common stock priced at $16.25 per share closed July 25, 2023.
- Selling stockholder BRF Investments (affiliate of B. Riley) received net proceeds of ~$34.0M after discounts/expenses.
- Company received no proceeds; no new shares were issued – all shares sold by selling stockholder.
- Underwriters included D.A. Davidson & Co. and B. Riley Securities; Northland Capital Markets co-managed.
- Thirty-day option for underwriters to purchase up to 330,000 additional shares from selling stockholder.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759824/000095017023034445/0000950170-23-034445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759824/000095017023034445/altg-20230720.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-034445

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