other material
confidence high
sentiment neutral
materiality 0.70
Mayville Engineering prices upsized $86.9M common stock offering; underwriters exercise option
Mayville Engineering Company, Inc.
- Priced 4,348,000 shares at $20.00/share; gross proceeds $86.9M before expenses.
- Underwriters fully exercised 30-day option for 652K additional shares; total net proceeds ~$93.9M.
- Net proceeds to reduce revolver borrowings (incl. Accu-fab acquisition debt), capex, and working capital.
- Offering expected to close May 21, 2026; lead managers William Blair and Craig-Hallum.