secwatch.observer — SEC 8-K summary
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Issuer:     Bowman Consulting Group Ltd. (BWMN)
CIK:        0001847590
Form:       8-K
Filed at:   2022-02-14T23:59:59+00:00
Accession:  0001193125-22-041825
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847590/000119312522041825/0001193125-22-041825-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847590/000119312522041825/d309697d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-041825

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