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Stock impact report

Montrose Environmental Group Announces Pricing of Public Offering of Shares

Montrose Environmental Group, Inc. (MEG) 
Company Research Source: Business Wire
LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company” or “Montrose”) (NYSE: MEG) announced today the pricing of the previously announced underwritten public offering by the Company of 3,000,000 shares of its common stock at a price of $37.15 per share (before underwriting discounts and commissions). The Company has also granted the underwriters a 30-day option to purchase up to an additional 450,000 shares of common stock. All of the securities to be sold in the offering are being offered by the Company. The offering is expected to close on April 22, 2024, subject to the satisfaction of customary closing conditions.The Company intends to use the net proceeds from the offering for general corporate purposes and continued acceleration of strategic growth initiatives, including, but not limited to, acquisitions or business expansion, commercialization of intellectual property given expanded environmental regulations, research and development, software Show less Read more
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