Bowman go-shop expires with no competing bids; Bernhard deal on track for Q4 close

Bowman Consulting Group Ltd.

Go-shop period expired Sept 13, 2026; no alternative acquisition proposals received.
Company contacted 76 parties, signed confidentiality agreements with 8; no Excluded Party emerged.
Bernhard to acquire Bowman for $43.00/share all-cash, ~$1.0B enterprise value.
Purchase price reflects 58% premium to Aug 7, 2026 closing price and 57% to 30-day VWAP.
Merger expected to close Q4 2026, subject to shareholder and regulatory approvals.

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