secwatch.observer — SEC 8-K summary
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Issuer:     Bowman Consulting Group Ltd. (BWMN)
CIK:        0001847590
Form:       8-K
Filed at:   2022-03-03T23:59:59+00:00
Accession:  0001193125-22-064325
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bowman Consulting closes over-allotment option, raising additional $2.5M in follow-on offering
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- Underwriters exercised overallotment for 157,500 shares at $16.00/share; closed March 2, 2022.
- Gross proceeds to Bowman approx $2.5 million; net proceeds approx $2.4 million after discounts.
- Total shares sold in follow-on offering increased to 1,057,500; total gross proceeds ~$16.9 million.
- Bowman intends to use net proceeds for general corporate purposes, organic growth, and potential acquisitions.
- Joint book-running managers: D.A. Davidson & Co. and B. Riley Securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847590/000119312522064325/0001193125-22-064325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847590/000119312522064325/d314107d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-064325

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