Ducommun sells 2.3M shares at $40 in underwritten offering

DUCOMMUN INC /DE/

Entered underwriting agreement on May 15, 2023 for 2M shares plus 30-day option for additional 300K shares.
Underwriters exercised option in full; offering closed May 18, 2023 with total 2.3M shares sold.
Public offering price $40.00 per share; gross proceeds approx. $92M before expenses.
Underwriters: Goldman Sachs, Citigroup, RBC Capital Markets, B. Riley Securities.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DUCOMMUN INC /DE/ entered into Underwriting Agreement with Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., RBC Capital Markets, LLC and B. Riley Securities, Inc. (effective 2023-05-15).

Action: entry
Agreement: underwriting
Counterparty: Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., RBC Capital Markets, LLC and B. Riley Securities, Inc.
Effective: 2023-05-15

Exact text from the filing

On May 15, 2023, Ducommun Incorporated (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., RBC Capital Markets, LLC and B. Riley Securities, Inc., as representatives of the underwriters named therein (collectively, the “Underwriters”), pursuant to which the Company agreed to sell 2,000,000 shares of the Company’s common stock, par value $.01 per share, at a public offering price of $40.00 per share.

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DUCOMMUN INC /DE/ filing history →

Source: SEC EDGAR

accession 0001193125-23-148151

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