other material
confidence high
sentiment neutral
materiality 0.60
Montrose Environmental Group launches 2.5M share offering at $62/share, net ~$147.6M
Onterris, Inc.
- Initial 2,500,000 shares at $62.00 each; underwriters have 30-day option for 375,000 additional shares.
- Net proceeds expected ~$147.6 million after underwriting discounts; closing on October 1, 2021.
- Underwriters: J.P. Morgan, BofA Securities, William Blair; lock-up agreements for 60 days for execs and directors.
- Offering made under automatic shelf registration statement on Form S-3 (File No. 333-258730).