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Stock impact report

Covenant Logistics Group Announces Filing of Universal Shelf Registration Statement on Form S-3

Covenant Logistics Group, Inc. - Class A (CVLG) 
Company Research Source: GlobeNewswire
CHATTANOOGA, Tenn., Aug. 12, 2022 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today that it has filed a universal shelf registration statement on Form S-3 with the United States Securities and Exchange Commission (“SEC”) to replace a universal shelf registration statement on Form S-3 that expired in late 2021. The Company filed the shelf registration statement with the SEC to provide the Company with flexibility to access the capital markets in the future if circumstances arise that would make the sale of securities advantageous to the Company and its stockholders. The Company has no immediate plans to offer or sell any securities under this shelf registration statement to the public. However, the Company felt it was prudent to file the shelf registration statement as a matter of standard corporate governance to respond to future financing and business opportunities. Under the shelf registration statement, once declar Show less Read more
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