Bowman Consulting closes follow-on offering of 1.05M shares at $16.00, net ~$13.6M

Bowman Consulting Group Ltd.

Company sold 900k shares and selling stockholders sold 150k shares at $16.00/share.
Net proceeds to Bowman of approximately $13.6MM after underwriting discounts and expenses.
Proceeds to fund general corporate purposes, organic growth, and potential acquisitions.
Underwriters have 30-day over-allotment option for up to 157,500 additional shares.
Insiders including CEO sold 150k shares in the offering; company not receiving those proceeds.

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